Forte Capital LLC ADV Has $990,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Forte Capital LLC ADV boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 1.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,034 shares of the Internet television network’s stock after buying an additional 30 shares during the quarter. Forte Capital LLC ADV’s holdings in Netflix were worth $990,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter valued at $25,000. Spartan Planning & Wealth Management acquired a new position in Netflix in the third quarter valued at about $26,000. Blue Bell Private Wealth Management LLC grew its position in shares of Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after buying an additional 35 shares during the period. Carmel Capital Partners LLC increased its stake in shares of Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 58 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $41,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $14.19 during trading hours on Friday, hitting $579.34. 3,307,524 shares of the stock were exchanged, compared to its average volume of 4,520,712. Netflix, Inc. has a 1-year low of $317.95 and a 1-year high of $639.00. The company has a market cap of $249.67 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The company’s fifty day simple moving average is $602.57 and its two-hundred day simple moving average is $526.33.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.88 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 18.3 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on NFLX shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $713.00 target price (up previously from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Citigroup raised their price objective on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. Piper Sandler boosted their target price on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Canaccord Genuity Group lowered Netflix from a “buy” rating to a “hold” rating and dropped their price target for the stock from $720.00 to $585.00 in a research report on Friday, April 19th. Finally, UBS Group boosted their price objective on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $631.15.

Insider Activity at Netflix

In other Netflix news, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,833 shares of company stock valued at $88,270,051. 1.76% of the stock is owned by insiders.

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.