Bank of Stockton Has $730,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Bank of Stockton increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 19.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,081 shares of the Internet television network’s stock after purchasing an additional 174 shares during the quarter. Bank of Stockton’s holdings in Netflix were worth $730,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NFLX. Bfsg LLC acquired a new position in Netflix during the fourth quarter worth $54,000. Hartline Investment Corp raised its position in Netflix by 5.6% during the fourth quarter. Hartline Investment Corp now owns 681 shares of the Internet television network’s stock worth $332,000 after acquiring an additional 36 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in Netflix by 5.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock worth $191,000 after acquiring an additional 22 shares in the last quarter. Magnolia Capital Advisors LLC bought a new stake in Netflix during the fourth quarter worth $307,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in Netflix by 1.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 38,688 shares of the Internet television network’s stock worth $18,836,000 after acquiring an additional 667 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on NFLX. Morgan Stanley upped their price target on shares of Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Redburn Atlantic upped their price target on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Benchmark upped their price target on shares of Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a research report on Tuesday, July 16th. CICC Research assumed coverage on shares of Netflix in a research report on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 price objective on the stock. Finally, Guggenheim increased their price objective on shares of Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $681.21.

Netflix Price Performance

Netflix stock traded down $2.23 during trading hours on Friday, reaching $686.73. 2,354,450 shares of the stock were exchanged, compared to its average volume of 3,870,180. The company has a market cap of $295.98 billion, a P/E ratio of 47.66, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $711.33. The stock has a 50 day moving average of $658.35 and a two-hundred day moving average of $626.12.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same period last year, the company posted $3.29 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag sold 37,675 shares of Netflix stock in a transaction on Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,700 shares of company stock worth $98,283,982. Corporate insiders own 1.76% of the company’s stock.

Netflix 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.