Intrust Bank NA Has $2.88 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Intrust Bank NA trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,225 shares of the Internet television network’s stock after selling 11 shares during the quarter. Intrust Bank NA’s holdings in Netflix were worth $2,875,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. raised its stake in Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after acquiring an additional 198,148 shares during the period. Qsemble Capital Management LP bought a new position in shares of Netflix in the third quarter valued at about $209,000. Blueshift Asset Management LLC acquired a new stake in shares of Netflix during the 3rd quarter worth about $339,000. Fiduciary Trust Co lifted its stake in shares of Netflix by 12.7% during the 3rd quarter. Fiduciary Trust Co now owns 3,010 shares of the Internet television network’s stock worth $2,135,000 after buying an additional 339 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its stake in Netflix by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 18,473 shares of the Internet television network’s stock valued at $13,102,000 after buying an additional 2,200 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NFLX shares. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Bank of America boosted their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Robert W. Baird boosted their target price on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research report on Monday. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.02.

Netflix Price Performance

Netflix stock opened at $933.85 on Friday. The stock has a 50-day moving average price of $971.74 and a two-hundred day moving average price of $866.75. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $399.46 billion, a PE ratio of 47.09, a P/E/G ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $2.11 EPS. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 288,583 shares of company stock valued at $279,611,567 in the last three months. 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.