Roman Butler Fullerton & Co. Has $3.70 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Roman Butler Fullerton & Co. grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 269.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,804 shares of the Internet television network’s stock after buying an additional 2,775 shares during the period. Netflix comprises about 1.0% of Roman Butler Fullerton & Co.’s portfolio, making the stock its 23rd biggest holding. Roman Butler Fullerton & Co.’s holdings in Netflix were worth $3,697,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NFLX. International Assets Investment Management LLC increased its holdings in Netflix by 116,620.0% in the third 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 buying an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after buying an additional 642,920 shares during the last quarter. State Street Corp increased its holdings in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after buying an additional 426,740 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in Netflix by 112,896.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock worth $340,420,000 after buying an additional 381,590 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and upped their target price for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Morgan Stanley upped their target price on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Activity

In other news, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,809 shares of company stock worth $290,374,484. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Performance

Netflix stock opened at $1,058.60 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a fifty day moving average price of $926.92 and a two-hundred day moving average price of $801.02. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The firm has a market capitalization of $452.83 billion, a P/E ratio of 53.38, a P/E/G ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company posted $2.11 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS 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.