Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Lifted by Fusion Capital LLC

Fusion Capital LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 1.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 754 shares of the Internet television network’s stock after acquiring an additional 14 shares during the quarter. Fusion Capital LLC’s holdings in Netflix were worth $672,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. AMF Tjanstepension AB lifted its stake in Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after acquiring an additional 4,701 shares in the last quarter. Swedbank AB lifted its position in shares of Netflix by 1.8% in the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares in the last quarter. Oak Harvest Investment Services boosted its holdings in shares of Netflix by 1.9% during the third quarter. Oak Harvest Investment Services now owns 4,492 shares of the Internet television network’s stock worth $3,186,000 after purchasing an additional 84 shares during the period. Cornerstone Wealth Group LLC grew its position in Netflix by 17.4% during the third quarter. Cornerstone Wealth Group LLC now owns 1,492 shares of the Internet television network’s stock valued at $1,058,000 after purchasing an additional 221 shares in the last quarter. Finally, Financial Advocates Investment Management increased its stake in Netflix by 1.8% in the 3rd quarter. Financial Advocates Investment Management now owns 4,021 shares of the Internet television network’s stock valued at $2,852,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 303,380 shares of company stock valued at $290,016,164. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of NFLX stock opened at $963.07 on Friday. The stock’s fifty day simple moving average is $946.29 and its 200 day simple moving average is $828.40. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The firm has a market cap of $411.96 billion, a price-to-earnings ratio of 48.57, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company earned $2.11 EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Needham & Company LLC lifted their price objective on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. BMO Capital Markets restated an “outperform” rating and issued a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Macquarie increased their price target on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Bank of America lifted their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.