600 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Northwest Bank & Trust Co

Northwest Bank & Trust Co purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 600 shares of the Internet television network’s stock, valued at approximately $292,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Capital World Investors raised its position in Netflix by 0.7% during the fourth quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after purchasing an additional 78,320 shares in the last quarter. Jennison Associates LLC boosted its stake in Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after buying an additional 1,573,978 shares in the last quarter. Norges Bank bought a new position in Netflix during the fourth quarter valued at approximately $2,558,598,000. Northern Trust Corp raised its stake in shares of Netflix by 2.1% during the third quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after acquiring an additional 96,938 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Netflix by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock worth $2,006,483,000 after acquiring an additional 78,298 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 19,943 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the sale, the chairman now directly owns 57 shares of the company’s stock, valued at $36,114.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 19,943 shares of Netflix stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the transaction, the chairman now directly owns 57 shares of the company’s stock, valued at $36,114.06. The disclosure for this sale can be found here. Insiders have sold a total of 69,994 shares of company stock worth $42,036,266 in the last three months. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group increased their target price on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a report on Monday, April 15th. Canaccord Genuity Group reissued a “hold” rating and issued a $585.00 price target (down previously from $720.00) on shares of Netflix in a report on Friday, April 19th. Macquarie lifted their price objective on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Finally, Jefferies Financial Group restated a “buy” rating and set a $655.00 target price on shares of Netflix in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $632.06.

Netflix Price Performance

Shares of Netflix stock traded up $16.12 on Friday, hitting $669.38. 4,447,116 shares of the company traded hands, compared to its average volume of 2,549,279. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50-day simple moving average of $615.54 and a 200 day simple moving average of $569.03. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $675.58. The stock has a market capitalization of $288.50 billion, a P/E ratio of 46.45, a price-to-earnings-growth ratio of 1.41 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter last year, the business posted $2.88 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. Research analysts expect that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

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.