Private Capital Advisors Inc. Buys 541 Shares of Netflix, Inc. (NASDAQ:NFLX)

Private Capital Advisors Inc. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,950 shares of the Internet television network’s stock after acquiring an additional 541 shares during the period. Netflix comprises about 3.0% of Private Capital Advisors Inc.’s holdings, making the stock its 5th biggest position. Private Capital Advisors Inc.’s holdings in Netflix were worth $24,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. raised its position in shares of Netflix by 5.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,120,690 shares of the Internet television network’s stock worth $756,945,000 after purchasing an additional 57,567 shares during the last quarter. Employees Retirement System of Texas lifted its position in shares of Netflix by 2.2% in the second quarter. Employees Retirement System of Texas now owns 141,527 shares of the Internet television network’s stock valued at $95,514,000 after acquiring an additional 3,062 shares in the last quarter. DigitalBridge Group Inc. boosted its stake in shares of Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after acquiring an additional 9,451 shares during the last quarter. Decatur Capital Management Inc. increased its position in Netflix by 2.5% during the 2nd quarter. Decatur Capital Management Inc. now owns 4,895 shares of the Internet television network’s stock worth $3,304,000 after purchasing an additional 120 shares in the last quarter. Finally, DE Burlo Group Inc. purchased a new position in Netflix in the 2nd quarter valued at about $220,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $984.86 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $889.11 and its two-hundred day moving average price is $763.41. Netflix, Inc. has a 52-week low of $537.07 and a 52-week high of $999.00. The stock has a market capitalization of $420.99 billion, a P/E ratio of 49.67, a P/E/G ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $2.11 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 23.72 earnings per share for the current year.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at $64,435.10. The trade was a 99.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,500 shares of company stock valued at $123,309,210. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NFLX shares. Macquarie raised their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday. Evercore ISI raised their price target on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday. Guggenheim increased their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $975.00 to $1,200.00 in a report on Friday. Nine research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,009.29.

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.