First Nebraska Trust Co Acquires 52,285 Shares of Netflix, Inc. $NFLX

First Nebraska Trust Co acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 52,285 shares of the Internet television network’s stock, valued at approximately $3,638,000.

A number of other hedge funds have also bought and sold shares of NFLX. BlackRock Inc. bought a new stake in shares of Netflix in the 2nd quarter worth about $24,902,221,000. Bank of New York Mellon Corp purchased a new position in shares of Netflix during the 2nd quarter worth about $1,906,482,000. Legal & General Group Plc purchased a new position in shares of Netflix during the 2nd quarter worth about $1,886,526,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Netflix during the 2nd quarter worth about $1,481,303,000. Finally, Assenagon Asset Management S.A. grew its holdings in Netflix by 194.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,111,438 shares of the Internet television network’s stock valued at $1,121,034,000 after purchasing an additional 10,647,803 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $84.00 price objective on shares of Netflix in a research report on Wednesday, October 21st. Wolfe Research downgraded shares of Netflix from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 22nd. HSBC lowered Netflix from a “buy” rating to a “hold” rating and dropped their target price for the company from $96.00 to $76.00 in a research report on Tuesday, September 22nd. Morgan Stanley set a $77.00 target price on Netflix and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of Netflix in a research note on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.14.

Get Our Latest Stock Report on Netflix

Netflix Trading Up 1.7%

NASDAQ NFLX opened at $63.42 on Wednesday. Netflix, Inc. has a one year low of $61.39 and a one year high of $116.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $260.42 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62. The company’s 50-day simple moving average is $72.00 and its two-hundred day simple moving average is $81.31.

Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The firm had revenue of $12.87 billion during the quarter, compared to analysts’ expectations of $12.87 billion. During the same quarter in the prior year, the company earned $0.59 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. Equities analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

Insider Buying and Selling at Netflix

In other Netflix news, Director Bradford L. Smith sold 17,980 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $64.03, for a total transaction of $1,151,259.40. Following the sale, the director owned 79,690 shares of the company’s stock, valued at approximately $5,102,550.70. This trade represents a 18.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the transaction, the chief executive officer owned 120,931 shares in the company, valued at $8,893,265.74. This represents a 18.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 55,980 shares of company stock worth $3,970,756. 1.24% of the stock is currently owned by corporate insiders.

Netflix Company Profile

(Free Report)

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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