First Merchants Corp Has $403,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

First Merchants Corp increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 452 shares of the Internet television network’s stock after purchasing an additional 50 shares during the period. First Merchants Corp’s holdings in Netflix were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Littlejohn Financial Services Inc. bought a new position in Netflix during the fourth quarter worth about $201,000. Root Financial Partners LLC boosted its stake in Netflix by 12.0% during the 4th quarter. Root Financial Partners LLC now owns 1,787 shares of the Internet television network’s stock worth $1,593,000 after acquiring an additional 191 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its holdings in Netflix by 4.4% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 734 shares of the Internet television network’s stock valued at $654,000 after purchasing an additional 31 shares during the period. Figure 8 Investment Strategies LLC bought a new stake in Netflix in the fourth quarter valued at approximately $3,491,000. Finally, Catalyst Financial Partners LLC raised its holdings in Netflix by 3.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 1,834 shares of the Internet television network’s stock worth $1,635,000 after purchasing an additional 54 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on NFLX shares. Macquarie upped their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Bank of America raised their price target on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Morgan Stanley boosted their price objective on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. UBS Group raised their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Activity at Netflix

In other Netflix news, Director Ann Mather sold 2,682 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction that occurred 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. Over the last ninety days, insiders sold 303,809 shares of company stock worth $290,374,484. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $1,058.60 on Friday. The company has a market capitalization of $452.83 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 2.11 and a beta of 1.27. The stock’s 50 day moving average is $926.92 and its 200-day moving average is $801.02. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $2.11 earnings per share. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS 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.