Fulton Breakefield Broenniman LLC Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Fulton Breakefield Broenniman LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,147 shares of the Internet television network's stock after purchasing an additional 362 shares during the period. Fulton Breakefield Broenniman LLC's holdings in Netflix were worth $15,058,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Norges Bank bought a new stake in Netflix during the fourth quarter valued at about $5,019,087,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after acquiring an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after buying an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Netflix by 14.3% during the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after purchasing an additional 570,674 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NFLX. Morgan Stanley upped their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Barclays reissued a "sell" rating and set a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. FBN Securities began coverage on shares of Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 target price on the stock. Oppenheimer boosted their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Finally, Wells Fargo & Company lifted their target price on Netflix from $1,222.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, June 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,220.58.

Insider Buying and Selling at Netflix

In other Netflix news, Director Strive Masiyiwa sold 290 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total value of $387,596.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 620 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total value of $797,840.80. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock valued at $223,307,201 over the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Up 1.9%

Shares of NASDAQ NFLX traded up $23.89 during mid-day trading on Monday, reaching $1,269.00. The company had a trading volume of 1,139,652 shares, compared to its average volume of 3,758,116. The stock's 50 day moving average is $1,221.70 and its 200-day moving average is $1,050.73. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15. The stock has a market capitalization of $540.05 billion, a PE ratio of 59.96, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the business earned $8.28 earnings per share. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Company 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.