Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Thomasville National Bank

Thomasville National Bank raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 60.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 396 shares of the Internet television network’s stock after buying an additional 149 shares during the quarter. Thomasville National Bank’s holdings in Netflix were worth $369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Pathway Financial Advisers LLC raised its stake in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares during the period. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the fourth quarter valued at approximately $27,000. Transce3nd LLC acquired a new stake in shares of Netflix during the 4th quarter worth approximately $32,000. Copia Wealth Management bought a new stake in shares of Netflix in the 4th quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its holdings in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NFLX. Benchmark reaffirmed a “hold” rating on shares of Netflix in a research report on Monday, April 21st. Barclays upped their price target on shares of Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Monday, April 21st. Wells Fargo & Company lifted their price objective on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Wedbush restated an “outperform” rating and issued a $1,200.00 target price on shares of Netflix in a research report on Monday, May 5th. Finally, Rosenblatt Securities raised their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,156.73.

Netflix Price Performance

NASDAQ NFLX opened at $1,212.15 on Friday. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,262.81. The business’s fifty day moving average is $1,120.37 and its two-hundred day moving average is $999.25. The stock has a market capitalization of $515.86 billion, a P/E ratio of 61.13, a P/E/G ratio of 2.12 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the firm earned $8.28 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jay C. Hoag sold 32,515 shares of the company’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the transaction, the director now directly owns 79,040 shares of the company’s stock, valued at approximately $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,140 shares of company stock worth $210,271,552. Company insiders own 1.37% of the company’s stock.

About Netflix

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.