CENTRAL TRUST Co grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 18.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,254 shares of the Internet television network’s stock after purchasing an additional 2,535 shares during the period. CENTRAL TRUST Co’s holdings in Netflix were worth $5,796,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in Netflix by 59.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock worth $25,000 after buying an additional 35 shares during the last quarter. Clarfeld Financial Advisors LLC acquired a new position in Netflix during the fourth quarter worth $27,000. Pearl River Capital LLC acquired a new position in Netflix during the fourth quarter worth $30,000. NuWave Investment Management LLC increased its position in Netflix by 338.5% during the fourth quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock worth $31,000 after buying an additional 88 shares during the last quarter. Finally, Citizens Financial Group Inc RI increased its position in Netflix by 750.0% during the fourth quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after buying an additional 120 shares during the last quarter. Institutional investors own 76.08% of the company’s stock.
Several equities analysts have commented on NFLX shares. Barclays set a $375.00 target price on shares of Netflix and gave the stock a “buy” rating in a research report on Wednesday, April 17th. SunTrust Banks restated a “buy” rating on shares of Netflix in a report on Friday, April 12th. ValuEngine upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Imperial Capital decreased their price target on shares of Netflix from $463.00 to $458.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, Deutsche Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and upped their price target for the company from $360.00 to $400.00 in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Netflix has an average rating of “Buy” and an average price target of $385.03.
NFLX traded up $5.46 during midday trading on Wednesday, reaching $359.73. 6,018,237 shares of the company’s stock were exchanged, compared to its average volume of 8,787,588. The stock has a market cap of $154.69 billion, a price-to-earnings ratio of 134.23, a P/E/G ratio of 3.53 and a beta of 1.33. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a one year low of $231.23 and a one year high of $423.21.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.19. The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. Equities research analysts expect that Netflix, Inc. will post 3.35 EPS for the current fiscal year.
In other news, Director Anne M. Sweeney sold 1,649 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $370.00, for a total transaction of $610,130.00. Following the completion of the sale, the director now owns 609 shares of the company’s stock, valued at $225,330. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Reed Hastings sold 57,414 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $348.88, for a total transaction of $20,030,596.32. Following the sale, the chief executive officer now directly owns 57,414 shares of the company’s stock, valued at approximately $20,030,596.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 168,487 shares of company stock valued at $61,025,502. Company insiders own 4.29% of the company’s stock.
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Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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