Fulcrum Capital LLC Sells 351 Shares of Netflix, Inc. (NASDAQ:NFLX)

Fulcrum Capital LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,374 shares of the Internet television network's stock after selling 351 shares during the quarter. Netflix accounts for approximately 2.4% of Fulcrum Capital LLC's investment portfolio, making the stock its 15th largest position. Fulcrum Capital LLC's holdings in Netflix were worth $10,607,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after acquiring an additional 171,712 shares during the last quarter. FMR LLC lifted its holdings in shares of Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after acquiring an additional 375,234 shares during the last quarter. Geode Capital Management LLC raised its holdings in Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock valued at $8,287,823,000 after buying an additional 175,596 shares during the last quarter. GAMMA Investing LLC raised its holdings in Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Finally, Norges Bank bought a new position in Netflix in the 4th quarter valued at approximately $5,019,087,000. Institutional investors own 80.93% of the company's stock.

Netflix Trading Up 1.5%

Shares of NFLX stock traded up $17.26 during trading hours on Friday, hitting $1,202.12. 4,686,095 shares of the company were exchanged, compared to its average volume of 3,757,419. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,215.91. The company has a 50 day simple moving average of $1,059.27 and a two-hundred day simple moving average of $975.30. 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 market cap of $511.59 billion, a P/E ratio of 60.62, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period last year, the business earned $8.28 EPS. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares in the company, valued at approximately $362,933.10. This trade represents a 98.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,624,746.55. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,348 shares of company stock worth $139,087,908 in the last ninety days. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NFLX shares. Wedbush reiterated an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a report on Monday, May 5th. Needham & Company LLC reiterated a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a report on Thursday, April 17th. Guggenheim reiterated a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Barclays raised their price objective on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Monday, April 21st. Finally, Loop Capital reiterated a "hold" rating on shares of Netflix in a report on Monday, March 24th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,122.33.

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.