Sunflower Bank N.A. Purchases 12 Shares of Netflix, Inc. (NASDAQ:NFLX)

Sunflower Bank N.A. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 575 shares of the Internet television network’s stock after acquiring an additional 12 shares during the quarter. Sunflower Bank N.A.’s holdings in Netflix were worth $513,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix in the 3rd quarter valued at about $37,000. FSA Wealth Management LLC purchased a new stake in Netflix during the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services bought a new position in Netflix during the 3rd quarter worth approximately $40,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NFLX shares. JPMorgan Chase & Co. cut their price target on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Friday. Jefferies Financial Group upped their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Guggenheim upped their target price on Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a report on Monday. Loop Capital cut shares of Netflix from a “buy” rating to a “hold” rating and lifted their price target for the company from $800.00 to $950.00 in a report on Monday, December 16th. Finally, StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $832.94.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. This represents a 24.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 156,742 shares of company stock worth $131,030,268. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX traded up $2.60 during trading hours on Monday, reaching $840.29. The company had a trading volume of 2,956,406 shares, compared to its average volume of 3,070,980. The firm’s 50 day moving average price is $878.06 and its 200-day moving average price is $753.78. The firm has a market cap of $359.19 billion, a price-to-earnings ratio of 47.55, a PEG ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. On average, analysts forecast that Netflix, Inc. will post 19.78 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.