Stock Yards Bank & Trust Co. Cuts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Stock Yards Bank & Trust Co. decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,507 shares of the Internet television network’s stock after selling 98 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Netflix were worth $2,338,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC grew its position in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the last quarter. Brown Shipley& Co Ltd purchased a new stake in Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC purchased a new stake in Netflix during the 4th quarter worth approximately $32,000. Copia Wealth Management purchased a new stake in Netflix during the 4th quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its stake in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NFLX. Macquarie boosted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Monday, April 21st. Guggenheim reiterated a “buy” rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Moffett Nathanson restated a “buy” rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Oppenheimer upped their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Citigroup restated a “neutral” rating and set a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,156.73.

Insider Buying and Selling

In other news, Director Jay C. Hoag sold 31,750 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director now directly owns 63,040 shares in the company, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 1,090 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $1,212.15 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $515.86 billion, a price-to-earnings ratio of 61.13, a PEG ratio of 2.12 and a beta of 1.59. The firm’s fifty day simple moving average is $1,120.37 and its 200-day simple moving average is $999.25. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business 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 EPS. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.