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Central Bank & Trust Co. boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,653 shares of the Internet television network’s stock after buying an additional 98 shares during the period. Central Bank & Trust Co.’s holdings in Netflix were worth $1,169,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Baldrige Asset Management LLC raised its holdings in Netflix by 156.3% during the 1st quarter. Baldrige Asset Management LLC now owns 82 shares of the Internet television network’s stock worth $28,000 after buying an additional 50 shares during the period. Barrett & Company Inc. acquired a new stake in shares of Netflix in the first quarter valued at approximately $29,000. Retirement Group LLC raised its holdings in shares of Netflix by 52.6% in the first quarter. Retirement Group LLC now owns 87 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 30 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Netflix by 8,700.0% in the first quarter. Manchester Capital Management LLC now owns 88 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 87 shares during the last quarter. Finally, Silicon Valley Capital Partners raised its holdings in shares of Netflix by 80.0% in the first quarter. Silicon Valley Capital Partners now owns 90 shares of the Internet television network’s stock valued at $31,000 after purchasing an additional 40 shares during the last quarter. 79.95% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director Richard N. Barton sold 500 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $443.07, for a total value of $221,535.00. Following the completion of the transaction, the director now directly owns 152 shares in the company, valued at approximately $67,346.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Theodore A. Sarandos sold 55,386 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $431.10, for a total value of $23,876,904.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 500 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $443.07, for a total value of $221,535.00. Following the completion of the transaction, the director now owns 152 shares of the company’s stock, valued at $67,346.64. The disclosure for this sale can be found here. Insiders sold 125,377 shares of company stock worth $54,547,674 over the last three months. Insiders own 2.45% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on NFLX. KeyCorp reiterated a “sector weight” rating on shares of Netflix in a report on Thursday, July 20th. Guggenheim reiterated a “buy” rating and issued a $500.00 price objective on shares of Netflix in a report on Thursday, July 20th. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $425.00 to $500.00 in a report on Friday, August 25th. Citigroup upped their price target on shares of Netflix from $400.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, June 29th. Finally, Pivotal Research lifted their price objective on shares of Netflix from $535.00 to $600.00 in a research report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $431.44.
View Our Latest Report on Netflix
Netflix Price Performance
NASDAQ NFLX traded down $2.32 on Wednesday, hitting $393.88. 685,080 shares of the company’s stock were exchanged, compared to its average volume of 6,953,784. The stock has a 50-day moving average of $429.08 and a 200-day moving average of $385.75. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52 week low of $211.73 and a 52 week high of $485.00. The stock has a market cap of $174.55 billion, a price-to-earnings ratio of 42.19, a P/E/G ratio of 1.31 and a beta of 1.29.
Netflix (NASDAQ:NFLX – Get Free Report) last released its earnings results on Wednesday, July 19th. The Internet television network reported $3.29 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.44. Netflix had a return on equity of 19.76% and a net margin of 13.22%. The firm had revenue of $8.19 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period in the prior year, the company earned $3.20 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that Netflix, Inc. will post 11.92 earnings per share for the current year.
Netflix Company Profile
(Free Report)
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.
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