Fulton Bank N.A. Has $9.97 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Fulton Bank N.A. lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,185 shares of the Internet television network’s stock after selling 276 shares during the period. Fulton Bank N.A.’s holdings in Netflix were worth $9,969,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the third quarter worth $37,000. FSA Wealth Management LLC bought a new stake in Netflix during the third quarter valued at about $38,000. Finally, First Personal Financial Services bought a new stake in Netflix during the 3rd quarter valued at approximately $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of Netflix stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at $25,741,260. The trade was a 1.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. This trade represents a 24.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 150,761 shares of company stock valued at $125,713,484. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NFLX shares. TD Cowen boosted their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Barclays restated an “underweight” rating and issued a $550.00 target price on shares of Netflix in a research note on Friday, October 18th. Citigroup raised their price target on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Wells Fargo & Company boosted their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Pivotal Research upped their price target on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $824.30.

Netflix Stock Down 0.1 %

Shares of NASDAQ:NFLX traded down $0.69 during trading on Wednesday, hitting $878.50. 1,149,672 shares of the company were exchanged, compared to its average volume of 2,502,415. The stock has a market cap of $375.52 billion, a price-to-earnings ratio of 49.72, a P/E/G ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $472.95 and a fifty-two week high of $941.75. The firm has a fifty day moving average price of $871.62 and a two-hundred day moving average price of $749.78. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

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

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.