FPC Investment Advisory Inc. Purchases 44 Shares of Netflix, Inc. (NASDAQ:NFLX)

FPC Investment Advisory Inc. increased its position in Netflix, Inc. (NASDAQ:NFLX) by 628.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51 shares of the Internet television network’s stock after acquiring an additional 44 shares during the quarter. FPC Investment Advisory Inc.’s holdings in Netflix were worth $50,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Enzi Wealth raised its holdings in Netflix by 3.4% in the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after acquiring an additional 11 shares during the period. TCI Wealth Advisors Inc. raised its holdings in Netflix by 1.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock worth $624,000 after acquiring an additional 11 shares during the period. Blossom Wealth Management raised its holdings in Netflix by 0.9% in the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock worth $1,112,000 after acquiring an additional 11 shares during the period. Everett Harris & Co. CA grew its position in Netflix by 1.3% in the 4th quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock worth $775,000 after purchasing an additional 11 shares during the last quarter. Finally, Beacon Financial Advisory LLC grew its position in Netflix by 0.9% in the 4th quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network’s stock worth $1,145,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 2.1 %

Shares of NASDAQ NFLX opened at $1,003.15 on Friday. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a market cap of $429.10 billion, a PE ratio of 50.59, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average of $940.55 and a two-hundred day moving average of $819.90.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Piper Sandler restated an “overweight” rating and issued a $1,100.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Morgan Stanley raised their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Loop Capital raised their price target on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Bank of America raised their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insiders Place Their Bets

In related news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 303,220 shares of company stock valued at $289,856,164. Insiders own 1.76% of the company’s stock.

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.