First National Trust Co Acquires 61 Shares of Netflix, Inc. (NASDAQ:NFLX)

First National Trust Co grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,403 shares of the Internet television network’s stock after acquiring an additional 61 shares during the period. First National Trust Co’s holdings in Netflix were worth $947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Vanguard Group Inc. raised its stake in shares of Netflix by 0.4% in the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after buying an additional 149,341 shares during the period. Capital World Investors increased its holdings in Netflix by 0.7% in the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock worth $5,718,265,000 after acquiring an additional 78,320 shares in the last quarter. Jennison Associates LLC lifted its holdings in Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares in the last quarter. Norges Bank purchased a new stake in shares of Netflix in the fourth quarter worth $2,558,598,000. Finally, Baillie Gifford & Co. raised its holdings in Netflix by 2.3% during the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after acquiring an additional 106,756 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Pivotal Research increased their price objective on shares of Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 30th. Redburn Atlantic lifted their price target on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. UBS Group boosted their price target on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Sanford C. Bernstein raised their price objective on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. Finally, Morgan Stanley boosted their target price on Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $685.45.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,835,750. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The disclosure for this sale can be found here. Insiders sold a total of 157,831 shares of company stock worth $102,721,884 over the last three months. 1.76% of the stock is currently owned by insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $679.68 on Thursday. The company has a 50 day moving average price of $660.09 and a 200 day moving average price of $632.90. The firm has a market capitalization of $292.94 billion, a P/E ratio of 47.17, a PEG ratio of 1.44 and a beta of 1.27. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $711.33.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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. The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.29 earnings per share. Sell-side analysts expect that Netflix, Inc. will post 19.08 EPS for the current 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.