Netflix, Inc. (NASDAQ:NFLX) Shares Bought by First National Trust Co

First National Trust Co boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,327 shares of the Internet television network’s stock after purchasing an additional 206 shares during the period. First National Trust Co’s holdings in Netflix were worth $646,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NFLX. Columbia Trust Co 01012016 lifted its stake in Netflix by 15.3% during the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after buying an additional 208 shares in the last quarter. Crumly & Associates Inc. lifted its holdings in shares of Netflix by 4.1% in the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after purchasing an additional 83 shares in the last quarter. Venture Visionary Partners LLC grew its holdings in shares of Netflix by 15.4% during the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after buying an additional 1,318 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Netflix by 142.6% during the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after buying an additional 392,427 shares during the period. Finally, Sandy Cove Advisors LLC lifted its stake in Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock worth $578,000 after acquiring an additional 114 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Pivotal Research lifted their target price on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Sanford C. Bernstein lifted their target price on shares of Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research note on Friday, April 19th. Piper Sandler upped their price target on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Wells Fargo & Company lifted their price objective on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $631.15.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Reed Hastings sold 18,361 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the sale, the chairman now directly owns 28 shares in the company, valued at approximately $15,443.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,833 shares of company stock worth $88,270,051. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Performance

Netflix stock traded up $14.19 during mid-day trading on Friday, reaching $579.34. The company had a trading volume of 3,307,524 shares, compared to its average volume of 4,520,712. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a market cap of $249.67 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 1.40 and a beta of 1.23. The company has a 50 day moving average of $602.57 and a 200-day moving average of $526.33. Netflix, Inc. has a 52 week low of $317.95 and a 52 week high of $639.00.

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