Fiduciary Alliance LLC Buys Shares of 391 Netflix, Inc. (NASDAQ:NFLX)

Fiduciary Alliance LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 391 shares of the Internet television network’s stock, valued at approximately $349,000.

A number of other hedge funds also recently modified their holdings of NFLX. International Assets Investment Management LLC increased its position in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Netflix by 154.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after acquiring an additional 642,920 shares during the last quarter. State Street Corp raised its stake in Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the period. Jennison Associates LLC raised its stake in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in Netflix during the third quarter valued at about $222,871,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NFLX opened at $828.40 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50 day simple moving average is $881.04 and its 200 day simple moving average is $755.96. The firm has a market cap of $354.11 billion, a price-to-earnings ratio of 46.88, a PEG ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. As a group, analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. This represents a 24.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at approximately $26,975,430. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 156,742 shares of company stock valued at $131,030,268. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Piper Sandler boosted their price target on shares of Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research report on Tuesday. Macquarie increased their target price on Netflix from $795.00 to $965.00 and gave the stock an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their price objective on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Pivotal Research lifted their target price on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $841.27.

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.