Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Colonial Trust Co SC

Colonial Trust Co SC raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 191.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 913 shares of the Internet television network's stock after acquiring an additional 600 shares during the quarter. Colonial Trust Co SC's holdings in Netflix were worth $814,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC lifted its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the last quarter. Transce3nd LLC purchased a new stake in Netflix in the fourth quarter valued at $32,000. Newton One Investments LLC acquired a new position in Netflix in the fourth quarter valued at $34,000. Pineridge Advisors LLC boosted its stake in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Macquarie upped their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Citigroup reissued a "neutral" rating on shares of Netflix in a report on Monday. Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,025.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, Moffett Nathanson reissued a "buy" rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,084.91.

Insiders Place Their Bets

In other news, insider Cletus R. Willems sold 298 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the completion of the transaction, the insider now owns 31,610 shares of the company's stock, valued at $35,972,180. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 132,530 shares of company stock valued at $137,602,751. Corporate insiders own 1.76% of the company's stock.

Netflix Price Performance

Shares of Netflix stock traded down $4.62 on Friday, hitting $1,139.81. The company's stock had a trading volume of 2,565,837 shares, compared to its average volume of 3,735,714. The company has a market capitalization of $485.07 billion, a P/E ratio of 57.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,164.00. The firm has a fifty day moving average price of $984.97 and a 200-day moving average price of $931.79. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the firm earned $8.28 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.