OLD National Bancorp IN Buys 274 Shares of Netflix, Inc. (NASDAQ:NFLX)

OLD National Bancorp IN lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,300 shares of the Internet television network’s stock after acquiring an additional 274 shares during the period. OLD National Bancorp IN’s holdings in Netflix were worth $2,094,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Columbia Trust Co 01012016 raised its position in shares of Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after acquiring an additional 208 shares in the last quarter. Crumly & Associates Inc. raised its position in shares of Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after acquiring an additional 83 shares in the last quarter. Venture Visionary Partners LLC increased its position in Netflix by 15.4% during the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after buying an additional 1,318 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Netflix by 142.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after buying an additional 392,427 shares in the last quarter. Finally, Sandy Cove Advisors LLC increased its position in Netflix by 10.6% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after buying an additional 114 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 47,574 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 47,574 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 268,335 shares of company stock worth $151,619,811. 2.45% of the stock is owned by corporate insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $554.60 on Tuesday. The company has a market capitalization of $238.98 billion, a P/E ratio of 38.49, a P/E/G ratio of 1.49 and a beta of 1.22. The business’s 50 day moving average is $605.58 and its two-hundred day moving average is $516.27. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.88 earnings per share. Analysts expect that Netflix, Inc. will post 17.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research report on Monday, April 15th. Macquarie upped their target price on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Barclays upped their target price on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Finally, Loop Capital upped their target price on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $630.58.

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.