FCA Corp TX Invests $246,000 in Netflix, Inc. (NASDAQ:NFLX)

FCA Corp TX purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 276 shares of the Internet television network's stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after purchasing an additional 171,712 shares during the period. State Street Corp lifted its position in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after purchasing an additional 426,740 shares during the period. Geode Capital Management LLC boosted its holdings in Netflix by 1.4% in the third 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 purchasing an additional 123,029 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Netflix by 0.5% during the 3rd 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 buying an additional 23,702 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Netflix by 1.0% during the 4th quarter. Fisher Asset Management LLC now owns 4,527,446 shares of the Internet television network's stock valued at $4,035,404,000 after buying an additional 45,507 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Guggenheim upped their price objective on Netflix from $950.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. UBS Group reissued a "buy" rating on shares of Netflix in a research note on Monday, March 10th. Phillip Securities cut Netflix from a "hold" rating to a "moderate sell" rating in a report on Friday, January 24th. Robert W. Baird raised their price objective on Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Finally, StockNews.com downgraded Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,016.78.

Netflix Stock Performance

Netflix stock traded down $26.63 during mid-day trading on Wednesday, reaching $970.65. 3,522,502 shares of the company were exchanged, compared to its average volume of 3,489,459. The firm's 50-day simple moving average is $967.54 and its two-hundred day simple moving average is $864.18. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The firm has a market cap of $415.20 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.11 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the transaction, the chairman now directly owns 114 shares in the company, valued at approximately $101,241.12. This trade represents a 99.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 288,103 shares of company stock worth $279,142,041. Company insiders own 1.76% of the company's stock.

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.