Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by CNB Bank

CNB Bank boosted its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 22.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,488 shares of the Internet television network’s stock after buying an additional 274 shares during the period. CNB Bank’s holdings in Netflix were worth $724,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NFLX. J.W. Cole Advisors Inc. increased its position in shares of Netflix by 67.7% during the fourth quarter. J.W. Cole Advisors Inc. now owns 7,519 shares of the Internet television network’s stock valued at $3,661,000 after acquiring an additional 3,035 shares during the last quarter. Greenleaf Trust increased its holdings in Netflix by 1.9% in the 4th quarter. Greenleaf Trust now owns 9,988 shares of the Internet television network’s stock valued at $4,863,000 after purchasing an additional 184 shares during the last quarter. Naples Money Management LLC acquired a new position in Netflix during the fourth quarter worth $4,004,000. Bigelow Investment Advisors LLC boosted its position in shares of Netflix by 13.3% during the fourth quarter. Bigelow Investment Advisors LLC now owns 867 shares of the Internet television network’s stock worth $422,000 after buying an additional 102 shares during the period. Finally, Knights of Columbus Asset Advisors LLC grew its position in Netflix by 3.7% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 12,160 shares of the Internet television network’s stock valued at $5,920,000 after acquiring an additional 435 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $555.04 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average is $605.65 and its two-hundred day moving average is $514.02. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00. The firm has a market capitalization of $240.20 billion, a PE ratio of 38.52, a P/E/G ratio of 1.49 and a beta of 1.22.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.46% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same period last year, the firm earned $2.88 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. Research analysts anticipate that Netflix, Inc. will post 17.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research note on Friday. Morgan Stanley lifted their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Macquarie increased their target price on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Finally, Redburn Atlantic increased their price objective on Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $630.58.

View Our Latest Stock Report on Netflix

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 5,352 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,181,250. The disclosure for this sale can be found here. Over the last quarter, insiders sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is owned by company insiders.

Netflix Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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