Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Trust Point Inc.

Trust Point Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX) by 12.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,936 shares of the Internet television network’s stock after acquiring an additional 318 shares during the quarter. Trust Point Inc.’s holdings in Netflix were worth $2,082,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Denver PWM LLC acquired a new position in Netflix during the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC grew its holdings in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares in the last quarter. Indiana Trust & Investment Management CO increased its position in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the last quarter. Proffitt & Goodson Inc. raised its holdings in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its holdings in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $72.35 during mid-day trading on Friday, reaching $760.00. 7,613,194 shares of the company’s stock were exchanged, compared to its average volume of 3,682,042. The firm has a market capitalization of $327.56 billion, a price-to-earnings ratio of 52.67, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 52 week low of $392.26 and a 52 week high of $761.91. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50-day moving average price of $693.78 and a two-hundred day moving average price of $653.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.29 EPS. Analysts predict that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the transaction, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $35,991.51. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 225,167 shares of company stock worth $150,492,460. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NFLX. BMO Capital Markets restated an “outperform” rating and set a $825.00 target price (up previously from $770.00) on shares of Netflix in a research note on Friday. Wedbush upped their target price on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group raised their price target on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday. Redburn Atlantic lifted their price objective on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $735.24.

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.