Thomasville National Bank Purchases Shares of 247 Netflix, Inc. (NASDAQ:NFLX)

Thomasville National Bank acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 247 shares of the Internet television network’s stock, valued at approximately $220,000.

Other large investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in Netflix during the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the third quarter valued at approximately $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix in the third quarter valued at $38,000. Finally, First Personal Financial Services bought a new position in Netflix in the third quarter worth $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In related news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock valued at $131,030,268 in the last 90 days. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

Netflix stock opened at $840.29 on Tuesday. The company has a market cap of $359.19 billion, a PE ratio of 47.55, a PEG ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75. The company’s 50-day moving average is $879.75 and its two-hundred day moving average is $754.88.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Equities analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NFLX. Bank of America boosted their price target on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Loop Capital lowered shares of Netflix from a “buy” rating to a “hold” rating and increased their price target for the stock from $800.00 to $950.00 in a research report on Monday, December 16th. Canaccord Genuity Group lifted their price objective on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Guggenheim increased their target price on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a report on Monday. Finally, TD Cowen boosted their price target on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $832.94.

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.