Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 269.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,804 shares of the Internet television network’s stock after buying an additional 2,775 shares during the quarter. Netflix comprises 1.0% of Roman Butler Fullerton & Co.’s portfolio, making the stock its 23rd largest position. Roman Butler Fullerton & Co.’s holdings in Netflix were worth $3,697,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of NFLX. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the third quarter valued at about $25,000. Pathway Financial Advisers LLC boosted its holdings in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the last quarter. Newton One Investments LLC purchased a new position in Netflix in the fourth quarter valued at about $34,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in Netflix in the third quarter valued at about $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NFLX. Wedbush reissued an “outperform” rating and issued a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price target on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Oppenheimer increased their price target on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. increased their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group increased their target price on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Ten equities research 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 stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Up 1.4 %

Shares of NFLX stock opened at $1,058.60 on Friday. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The stock has a market cap of $452.83 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The business’s fifty day moving average is $926.92 and its 200-day moving average is $801.02. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

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

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value 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 represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 303,809 shares of company stock valued at $290,374,484 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

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.