Private Capital Advisors Inc. Has $24.91 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Private Capital Advisors Inc. raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 27,950 shares of the Internet television network’s stock after buying an additional 541 shares during the period. Netflix comprises approximately 3.0% of Private Capital Advisors Inc.’s holdings, making the stock its 5th largest position. Private Capital Advisors Inc.’s holdings in Netflix were worth $24,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. DigitalBridge Group Inc. raised its position in Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after acquiring an additional 9,451 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after purchasing an additional 29,726 shares in the last quarter. Natixis Advisors LLC lifted its stake in Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after purchasing an additional 11,921 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after purchasing an additional 1,684 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 3.2 %

Netflix stock opened at $984.86 on Friday. The firm has a market capitalization of $420.99 billion, a price-to-earnings ratio of 49.67, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The firm’s fifty day moving average price is $889.11 and its two-hundred day moving average price is $763.41. Netflix, Inc. has a 1-year low of $537.07 and a 1-year high of $999.00. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 EPS. On average, equities research analysts predict that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the subject of several analyst reports. Needham & Company LLC upped their target price on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler reissued an “overweight” rating and issued a $1,100.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday. TD Cowen raised their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 target price (up from $1,000.00) on shares of Netflix in a research note on Wednesday. Finally, StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a research report on Thursday. Nine research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,009.29.

Insider Activity at Netflix

In related news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 146,500 shares of company stock valued at $123,309,210 over the last 90 days. Insiders own 1.76% of the company’s stock.

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.