Community Bank & Trust Waco Texas Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Community Bank & Trust Waco Texas acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,000 shares of the Internet television network’s stock, valued at approximately $487,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC lifted its stake in shares of Netflix by 1.6% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 21 shares during the period. Centurion Wealth Management LLC grew its stake in shares of Netflix by 2.4% during the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock valued at $479,000 after acquiring an additional 23 shares in the last quarter. Secure Asset Management LLC lifted its position in shares of Netflix by 2.7% during the fourth quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network’s stock worth $440,000 after purchasing an additional 24 shares during the last quarter. Key Financial Inc lifted its position in shares of Netflix by 14.4% during the third quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock worth $75,000 after purchasing an additional 25 shares during the last quarter. Finally, Lee Financial Co lifted its position in shares of Netflix by 18.2% during the third quarter. Lee Financial Co now owns 162 shares of the Internet television network’s stock worth $61,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 4.1 %

NASDAQ:NFLX traded down $23.94 on Wednesday, reaching $553.81. 2,705,205 shares of the stock traded hands, compared to its average volume of 4,492,287. The company has a market capitalization of $238.64 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 1.41 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The company’s fifty day simple moving average is $606.05 and its 200 day simple moving average is $517.65.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same period in the previous year, the business posted $2.88 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities analysts predict that Netflix, Inc. will post 17.87 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 5,533 shares of Netflix stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $575.00, for a total transaction of $3,181,475.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,526,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total value of $723,795.30. Following the sale, the chief executive officer now owns 13,090 shares in the company, valued at $7,413,521.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 5,533 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $575.00, for a total transaction of $3,181,475.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $7,526,750. The disclosure for this sale can be found here. Insiders have sold 160,106 shares of company stock valued at $92,729,716 over the last 90 days. 2.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NFLX shares. Wedbush restated an “outperform” rating and issued a $725.00 price target on shares of Netflix in a research note on Friday, April 19th. Morgan Stanley lifted their target price on shares of Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Rosenblatt Securities dropped their target price on shares of Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Oppenheimer reiterated an “outperform” rating and set a $725.00 target price on shares of Netflix in a research report on Friday, April 19th. Finally, Wells Fargo & Company upped their target price on shares of Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. One 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $630.58.

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.