Fiduciary Trust Co Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Fiduciary Trust Co raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,233 shares of the Internet television network's stock after purchasing an additional 223 shares during the period. Fiduciary Trust Co's holdings in Netflix were worth $2,882,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Pathway Financial Advisers LLC grew its holdings in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares in the last quarter. Transce3nd LLC purchased a new position in Netflix in the fourth quarter worth about $32,000. Newton One Investments LLC bought a new stake in Netflix during the fourth quarter worth approximately $34,000. Pineridge Advisors LLC raised its position in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC lifted its stake in shares of Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after purchasing an additional 16 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NFLX stock traded down $4.62 during trading on Friday, reaching $1,139.81. The company had a trading volume of 2,565,837 shares, compared to its average volume of 3,740,061. The company has a market cap of $485.07 billion, a price-to-earnings ratio of 57.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,164.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a 50-day simple moving average of $984.97 and a 200-day simple moving average of $934.31.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the previous year, the company earned $8.28 earnings per share. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the transaction, the director now owns 79,040 shares in the company, valued at approximately $87,099,708.80. This trade represents a 29.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,530 shares of company stock valued at $137,602,751. Company insiders own 1.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NFLX shares. Needham & Company LLC reiterated a "buy" rating and set a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Guggenheim reiterated a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. UBS Group decreased their price objective on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Robert W. Baird upped their target price on Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Citigroup reissued a "neutral" rating on shares of Netflix in a research note on Monday, May 5th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,084.91.

About Netflix

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.