FCG Investment Co Acquires 195 Shares of Netflix, Inc. (NASDAQ:NFLX)

FCG Investment Co increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,325 shares of the Internet television network’s stock after buying an additional 195 shares during the period. Netflix accounts for about 1.3% of FCG Investment Co’s investment portfolio, making the stock its 20th biggest holding. FCG Investment Co’s holdings in Netflix were worth $2,072,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NFLX. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix in the 3rd quarter valued at $37,000. FSA Wealth Management LLC acquired a new stake in Netflix during the 3rd quarter worth $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix during the 3rd quarter worth $40,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Argus increased their price target on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday, January 6th. The Goldman Sachs Group increased their target price on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday. Evercore ISI lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday. Finally, Morgan Stanley boosted their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $996.94.

Insider Buying and Selling

In related news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were 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. Insiders have sold 146,500 shares of company stock valued at $123,309,210 over the last 90 days. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 3.2 %

Shares of Netflix stock opened at $984.86 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The firm has a 50-day moving average of $889.11 and a 200-day moving average of $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 cap of $420.99 billion, a PE ratio of 49.67, a PEG ratio of 1.53 and a beta of 1.27.

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

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.