Fidelis Capital Partners LLC Acquires 283 Shares of Netflix, Inc. (NASDAQ:NFLX)

Fidelis Capital Partners LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,962 shares of the Internet television network’s stock after buying an additional 283 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Netflix were worth $2,674,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of NFLX. Epoch Investment Partners Inc. grew its stake in shares of Netflix by 27.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 544 shares of the Internet television network’s stock worth $367,000 after acquiring an additional 116 shares during the period. Mount Yale Investment Advisors LLC boosted its position in Netflix by 6.6% during the second quarter. Mount Yale Investment Advisors LLC now owns 4,358 shares of the Internet television network’s stock worth $2,941,000 after purchasing an additional 271 shares during the period. Frank Rimerman Advisors LLC increased its stake in shares of Netflix by 9.1% in the second quarter. Frank Rimerman Advisors LLC now owns 57,999 shares of the Internet television network’s stock worth $39,142,000 after purchasing an additional 4,841 shares in the last quarter. Circle Wealth Management LLC raised its position in shares of Netflix by 37.0% in the second quarter. Circle Wealth Management LLC now owns 5,618 shares of the Internet television network’s stock valued at $3,791,000 after purchasing an additional 1,516 shares during the period. Finally, Kowal Investment Group LLC lifted its stake in shares of Netflix by 6.3% during the 2nd quarter. Kowal Investment Group LLC now owns 888 shares of the Internet television network’s stock valued at $599,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 428 shares of Netflix stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, Director Leslie J. Kilgore sold 428 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the transaction, the director now owns 95,040 shares of the company’s stock, valued at $65,299,132.80. The disclosure for this sale can be found here. Insiders have sold 197,226 shares of company stock valued at $129,858,692 in the last three months. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Performance

Shares of NFLX opened at $701.03 on Friday. The company has a 50-day simple moving average of $663.00 and a two-hundred day simple moving average of $640.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $302.14 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a one year low of $344.73 and a one year high of $715.66.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.29 EPS. On average, analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NFLX. Benchmark boosted their target price on shares of Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a report on Tuesday, July 16th. Bank of America boosted their price objective on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Guggenheim boosted their price target on shares of Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Evercore ISI raised their price objective on shares of Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Finally, StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $685.29.

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.