Raymond James Trust N.A. Acquires 228 Shares of Netflix, Inc. (NASDAQ:NFLX)

Raymond James Trust N.A. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,131 shares of the Internet television network’s stock after buying an additional 228 shares during the quarter. Raymond James Trust N.A.’s holdings in Netflix were worth $6,476,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its stake in Netflix by 10.2% in the first quarter. Advisors Asset Management Inc. now owns 5,092 shares of the Internet television network’s stock valued at $3,093,000 after acquiring an additional 471 shares during the last quarter. Epoch Investment Partners Inc. acquired a new stake in Netflix in the 1st quarter valued at about $260,000. Lazard Asset Management LLC grew its holdings in Netflix by 35.0% during the first quarter. Lazard Asset Management LLC now owns 128,449 shares of the Internet television network’s stock worth $78,010,000 after purchasing an additional 33,269 shares during the period. Kestra Advisory Services LLC increased its position in Netflix by 9.3% during the first quarter. Kestra Advisory Services LLC now owns 43,017 shares of the Internet television network’s stock worth $26,126,000 after buying an additional 3,660 shares during the last quarter. Finally, BOKF NA raised its stake in Netflix by 28.0% in the first quarter. BOKF NA now owns 16,940 shares of the Internet television network’s stock valued at $10,406,000 after buying an additional 3,709 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,490,250. This represents a 25.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 25,074 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at $57,878.20. The trade was a 99.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,866 shares of company stock valued at $133,393,921 in the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock opened at $897.79 on Friday. The business has a fifty day simple moving average of $755.40 and a 200 day simple moving average of $690.34. The company has a market cap of $383.77 billion, a P/E ratio of 50.81, a P/E/G ratio of 1.73 and a beta of 1.25. 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 twelve month low of $445.73 and a twelve month high of $908.00.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. On average, sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of several research analyst reports. Rosenblatt Securities lifted their target price on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. BMO Capital Markets reiterated an “outperform” rating and issued a $825.00 price objective (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Needham & Company LLC increased their price objective on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Sanford C. Bernstein lifted their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Finally, Wedbush reissued an “outperform” rating and issued a $950.00 price target (up from $800.00) on shares of Netflix in a report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $764.82.

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.