Sulzberger Capital Advisors Inc. Invests $622,000 in Netflix, Inc. (NASDAQ:NFLX)

Sulzberger Capital Advisors Inc. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 698 shares of the Internet television network's stock, valued at approximately $622,000. Netflix makes up 0.7% of Sulzberger Capital Advisors Inc.'s holdings, making the stock its 27th biggest holding.

Several other large investors have also made changes to their positions in NFLX. Nordea Investment Management AB boosted its stake in shares of Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock worth $760,918,000 after acquiring an additional 156,958 shares during the last quarter. First National Trust Co lifted its holdings in Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after purchasing an additional 12 shares in the last quarter. Haven Private LLC acquired a new stake in Netflix during the 4th quarter worth $733,000. Sigma Planning Corp grew its holdings in shares of Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after buying an additional 386 shares in the last quarter. Finally, Quilter Plc raised its position in shares of Netflix by 8.2% in the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock valued at $128,133,000 after buying an additional 10,946 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NFLX stock traded up $23.02 during mid-day trading on Friday, hitting $1,156.49. 3,766,329 shares of the stock were exchanged, compared to its average volume of 3,720,374. The stock's fifty day simple moving average is $968.34 and its two-hundred day simple moving average is $917.85. 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, Inc. has a 12-month low of $565.16 and a 12-month high of $1,159.03. The stock has a market capitalization of $492.17 billion, a price-to-earnings ratio of 58.32, a P/E/G ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the company posted $8.28 earnings per share. On average, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chairman now directly owns 394 shares of the company's stock, valued at $362,933.10. This represents a 98.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders sold a total of 182,759 shares of company stock worth $186,744,388 in the last 90 days. 1.76% of the stock is owned by insiders.

Analyst Ratings Changes

NFLX has been the topic of a number of recent research reports. Morgan Stanley boosted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Wells Fargo & Company lifted their price objective on Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Benchmark restated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Rosenblatt Securities lifted their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Finally, Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,072.12.

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.