Ferguson Wellman Capital Management Inc. Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Ferguson Wellman Capital Management Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 17.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 794 shares of the Internet television network’s stock after buying an additional 120 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Netflix were worth $563,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Denver PWM LLC purchased a new stake in Netflix in the 2nd quarter worth about $25,000. Proffitt & Goodson Inc. raised its position in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position in 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 worth $34,000 after purchasing an additional 42 shares during the period. AlphaMark Advisors LLC raised its position in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the period. Finally, First Personal Financial Services purchased a new stake in Netflix in the 3rd quarter worth about $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at $57,878.20. This trade represents a 99.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. The trade was a 30.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 205,084 shares of company stock valued at $146,747,101 over the last 90 days. Insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.8 %

NASDAQ NFLX opened at $837.26 on Friday. The company has a fifty day simple moving average of $729.53 and a two-hundred day simple moving average of $676.61. The stock has a market cap of $357.90 billion, a P/E ratio of 47.38, a P/E/G ratio of 1.60 and a beta of 1.25. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $841.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NFLX. Needham & Company LLC increased their price objective on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Macquarie reaffirmed an “outperform” rating and set a $795.00 target price on shares of Netflix in a research report on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $825.00 target price (up from $770.00) on shares of Netflix in a research report on Friday, October 18th. Rosenblatt Securities raised their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Evercore ISI raised their target price on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $748.15.

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.