Central Bank & Trust Co. Sells 73 Shares of Netflix, Inc. (NASDAQ:NFLX)

Central Bank & Trust Co. lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,743 shares of the Internet television network’s stock after selling 73 shares during the quarter. Central Bank & Trust Co.’s holdings in Netflix were worth $3,336,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Sky Investment Group LLC acquired a new position in Netflix during the 4th quarter valued at $240,000. Amplius Wealth Advisors LLC increased its holdings in shares of Netflix by 5.1% during the 4th quarter. Amplius Wealth Advisors LLC now owns 353 shares of the Internet television network’s stock worth $315,000 after purchasing an additional 17 shares during the period. Harbor Investment Advisory LLC increased its holdings in shares of Netflix by 3.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 19,270 shares of the Internet television network’s stock worth $17,176,000 after purchasing an additional 704 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Netflix by 1.2% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,572 shares of the Internet television network’s stock valued at $1,401,000 after buying an additional 18 shares during the period. Finally, Zhang Financial LLC grew its position in Netflix by 122.3% during the fourth quarter. Zhang Financial LLC now owns 789 shares of the Internet television network’s stock worth $703,000 after buying an additional 434 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 1.9 %

Shares of Netflix stock opened at $858.10 on Tuesday. The business has a fifty day simple moving average of $884.58 and a 200 day simple moving average of $759.58. The stock has a market cap of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $476.06 and a 12 month high of $941.75.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Argus raised their target price on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. UBS Group lifted their price target on shares of Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. decreased their target price on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Barclays increased their price target on shares of Netflix from $550.00 to $715.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $845.06.

Netflix Company 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.