Fulton Bank N.A. Sells 984 Shares of Netflix, Inc. (NASDAQ:NFLX)

Fulton Bank N.A. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,201 shares of the Internet television network's stock after selling 984 shares during the quarter. Fulton Bank N.A.'s holdings in Netflix were worth $9,513,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. West Michigan Advisors LLC boosted its position in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after acquiring an additional 10 shares during the last quarter. Warwick Investment Management Inc. raised its stake in Netflix by 3.5% during the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after purchasing an additional 10 shares during the period. MRP Capital Investments LLC raised its stake in Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC boosted its holdings in Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after purchasing an additional 10 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. grew its stake in shares of Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after buying an additional 10 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $10.86 during mid-day trading on Thursday, reaching $1,250.52. 2,796,574 shares of the company traded hands, compared to its average volume of 3,745,360. The firm has a market cap of $532.19 billion, a PE ratio of 63.06, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.59. The stock has a fifty day simple moving average of $1,075.18 and a 200-day simple moving average of $982.47.

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 the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NFLX shares. FBN Securities began coverage on Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective on the stock. UBS Group increased their price target on Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a report on Wednesday. Pivotal Research boosted their price objective on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a report on Monday, April 21st. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Finally, Jefferies Financial Group increased their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a research report on Tuesday. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,149.91.

Insider Activity

In other news, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the sale, the director now directly owns 79,040 shares of the company's stock, valued at approximately $87,099,708.80. The trade was a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 152,300 shares of company stock worth $169,146,939 in the last 90 days. Company insiders own 1.37% of the company's stock.

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.