FSA Advisors Inc. Has $1 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

FSA Advisors Inc. lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,124 shares of the Internet television network’s stock after selling 14 shares during the period. Netflix comprises about 1.2% of FSA Advisors Inc.’s portfolio, making the stock its 25th biggest position. FSA Advisors Inc.’s holdings in Netflix were worth $1,002,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cyr Financial Inc. acquired a new stake in shares of Netflix in the 4th quarter worth about $567,000. Mediolanum International Funds Ltd boosted its position in shares of Netflix by 69.4% during the fourth quarter. Mediolanum International Funds Ltd now owns 69,608 shares of the Internet television network’s stock valued at $62,523,000 after buying an additional 28,507 shares during the last quarter. Dumont & Blake Investment Advisors LLC bought a new stake in Netflix during the fourth quarter worth $236,000. EMC Capital Management purchased a new stake in shares of Netflix in the fourth quarter valued at about $45,000. Finally, RVW Wealth LLC purchased a new position in Netflix during the fourth quarter worth about $645,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NFLX. Morgan Stanley boosted their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Pivotal Research boosted their target price on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. KeyCorp upped their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Finally, Arete Research upgraded shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insiders Place Their Bets

In related news, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the transaction, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. The trade was a 33.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 105,516 shares of company stock valued at $92,377,637 in the last quarter. 1.76% of the stock is currently owned by company insiders.

Netflix Price Performance

NFLX stock opened at $973.24 on Friday. The company has a market cap of $416.31 billion, a price-to-earnings ratio of 49.08, a PEG ratio of 2.03 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $901.54 and a 200-day moving average of $774.15. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00.

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

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.