Fidelis Capital Partners LLC Has $2.67 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Fidelis Capital Partners LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,962 shares of the Internet television network’s stock after buying an additional 283 shares during the period. Fidelis Capital Partners LLC’s holdings in Netflix were worth $2,674,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Denver PWM LLC bought a new position in shares of Netflix in the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC raised its stake in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after buying an additional 20 shares during the period. VitalStone Financial LLC lifted its position in shares of Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its stake in shares of Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 62 shares during the period. Finally, Scarborough Advisors LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $32,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Netflix news, Director Jay C. Hoag sold 43,750 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total value of $30,059,312.50. Following the completion of the sale, the director now directly owns 95,040 shares in the company, valued at $65,299,132.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Jay C. Hoag sold 43,750 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the completion of the sale, the director now owns 95,040 shares in the company, valued at $65,299,132.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Leslie J. Kilgore sold 428 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total transaction of $306,020.00. The disclosure for this sale can be found here. Insiders sold 197,226 shares of company stock worth $129,858,692 in the last quarter. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Down 0.5 %

Shares of NASDAQ NFLX opened at $701.03 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $302.14 billion, a P/E ratio of 48.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. The company’s 50 day moving average price is $663.00 and its 200-day moving average price is $640.85. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $715.66.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter last year, the firm posted $3.29 earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. Equities analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NFLX shares. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Morgan Stanley increased their price target on Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 target price on shares of Netflix in a research report on Friday, July 19th. UBS Group raised their price target on Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $685.29.

Netflix 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.