Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 17.8% during the 3rd quarter, Holdings Channel reports. The firm owned 794 shares of the Internet television network’s stock after purchasing 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.

Several other institutional investors have also modified their holdings of the stock. Denver PWM LLC acquired a new position in Netflix during the second quarter worth about $25,000. Proffitt & Goodson Inc. boosted its position in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. AlphaMark Advisors LLC boosted its position in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares during the last quarter. Finally, First Personal Financial Services acquired a new position in Netflix during the third quarter worth about $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 4,644 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,163,000. This represents a 26.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 205,084 shares of company stock worth $146,747,101. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NFLX shares. Oppenheimer boosted their target price on shares of Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Rosenblatt Securities boosted their target price on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, Evercore ISI boosted their price target on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

Netflix Stock Performance

Shares of NFLX opened at $837.26 on Friday. The company has a 50-day simple moving average of $729.53 and a 200-day simple moving average of $676.61. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $357.90 billion, a PE ratio of 47.38, a P/E/G ratio of 1.60 and a beta of 1.25. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $841.00.

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