Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Lessened by Commerce Bank

Commerce Bank reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 9.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 16,598 shares of the Internet television network’s stock after selling 1,779 shares during the quarter. Commerce Bank’s holdings in Netflix were worth $10,080,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Spartan Planning & Wealth Management acquired a new position in shares of Netflix during the third quarter worth approximately $26,000. Valued Wealth Advisors LLC raised its stake in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the last quarter. VitalStone Financial LLC boosted its holdings in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares during the period. Beaird Harris Wealth Management LLC lifted its position in shares of Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 62 shares during the period. Finally, Scarborough Advisors LLC bought a new position in Netflix during the fourth quarter worth about $32,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $713.00 price target (up from $638.00) on shares of Netflix in a report on Wednesday, April 17th. Citigroup upped their target price on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. CICC Research initiated coverage on shares of Netflix in a research note on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price target on the stock. TD Cowen boosted their price objective on shares of Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Benchmark increased their price objective on Netflix from $440.00 to $450.00 and gave the company a “sell” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $639.57.

Insiders Place Their Bets

In other Netflix news, Director Anne M. Sweeney sold 633 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Anne M. Sweeney sold 633 shares of Netflix stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total value of $354,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 268 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,385 shares of company stock worth $44,469,351. Company insiders own 1.76% of the company’s stock.

Netflix Trading Down 0.6 %

Shares of Netflix stock traded down $4.00 during trading on Wednesday, hitting $681.74. The company’s stock had a trading volume of 1,459,222 shares, compared to its average volume of 3,890,753. The stock has a market cap of $293.83 billion, a price-to-earnings ratio of 47.00, a price-to-earnings-growth ratio of 1.48 and a beta of 1.27. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $697.49. The stock has a 50-day moving average price of $646.07 and a two-hundred day moving average price of $594.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm 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 business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.88 EPS. Equities research analysts anticipate that Netflix, Inc. will post 18.31 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.