Fidelis Capital Partners LLC Buys 21 Shares of Netflix, Inc. (NASDAQ:NFLX)

Fidelis Capital Partners LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,557 shares of the Internet television network’s stock after acquiring an additional 21 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Netflix were worth $4,250,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the fourth quarter valued at about $27,000. Transce3nd LLC bought a new position in shares of Netflix in the fourth quarter valued at about $32,000. Copia Wealth Management bought a new position in shares of Netflix in the fourth quarter valued at about $37,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of Netflix in the first quarter valued at about $42,000. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In other news, CAO Jeffrey William Karbowski sold 620 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 1,090 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 186,723 shares of company stock worth $223,307,201. Insiders own 1.37% of the company’s stock.

Netflix Trading Down 2.9%

NASDAQ NFLX opened at $1,250.59 on Friday. The stock has a market capitalization of $532.21 billion, a price-to-earnings ratio of 59.10, a PEG ratio of 2.34 and a beta of 1.59. The stock’s 50 day moving average price is $1,219.93 and its two-hundred day moving average price is $1,046.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter in the previous year, the business posted $8.28 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Seaport Res Ptn cut Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $1,220.00 price target (up from $1,150.00) on shares of Netflix in a report on Monday, May 19th. UBS Group lifted their price target on Netflix from $1,150.00 to $1,450.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Morgan Stanley lifted their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $1,126.00 price target on shares of Netflix in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,195.30.

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.