Fifth Third Wealth Advisors LLC Buys 484 Shares of Netflix, Inc. (NASDAQ:NFLX)

Fifth Third Wealth Advisors LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 7.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,402 shares of the Internet television network’s stock after purchasing an additional 484 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Netflix were worth $6,598,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. State Street Corp grew its position 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 worth $12,023,082,000 after purchasing an additional 426,740 shares during the period. Geode Capital Management LLC grew its holdings in Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock valued at $6,464,736,000 after buying an additional 123,029 shares in the last quarter. Jennison Associates LLC grew its position in shares of Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares in the last quarter. International Assets Investment Management LLC increased its stake in Netflix by 116,620.0% in the 3rd 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 acquiring an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after purchasing an additional 23,702 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at $26,975,430. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,742 shares of company stock worth $131,030,268. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $828.40 on Wednesday. The stock has a market cap of $354.11 billion, a P/E ratio of 46.88, a P/E/G ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50 day simple moving average of $881.04 and a 200 day simple moving average of $755.96.

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

Analyst Ratings Changes

Several analysts have recently weighed in on NFLX shares. Guggenheim lifted their price target on shares of Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a research note on Monday. Benchmark boosted their target price on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research note on Friday, January 3rd. BMO Capital Markets boosted their price objective on shares of Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a report on Wednesday. Argus raised their price target on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, TD Cowen upped their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $846.58.

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.