CENTRAL TRUST Co Acquires 809 Shares of Netflix, Inc. (NASDAQ:NFLX)

CENTRAL TRUST Co raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 27.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,808 shares of the Internet television network's stock after buying an additional 809 shares during the period. CENTRAL TRUST Co's holdings in Netflix were worth $3,551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after purchasing an additional 171,712 shares in the last quarter. FMR LLC lifted its position in shares of Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after purchasing an additional 375,234 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Netflix by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after buying an additional 175,596 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Netflix during the fourth quarter worth approximately $5,019,087,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

NFLX stock traded up $1.62 during trading hours on Thursday, reaching $1,222.29. The stock had a trading volume of 2,277,207 shares, compared to its average volume of 3,745,034. The stock has a market capitalization of $520.17 billion, a PE ratio of 57.76, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a 50-day simple moving average of $1,138.51 and a 200 day simple moving average of $1,006.33. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter last year, the company posted $8.28 earnings per share. Analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NFLX shares. JPMorgan Chase & Co. reissued a "neutral" rating and set a $1,220.00 price target (up from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Needham & Company LLC reissued a "buy" rating and set a $1,126.00 price target on shares of Netflix in a research note on Thursday, April 17th. Canaccord Genuity Group upped their target price on shares of Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research note on Friday, May 16th. FBN Securities started coverage on shares of Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price for the company. Finally, Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

Insider Buying and Selling at Netflix

In other news, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the sale, the director now owns 63,040 shares in the company, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ann Mather sold 1,358 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Insiders sold a total of 185,140 shares of company stock worth $210,271,552 over the last quarter. 1.37% of the stock is currently owned by insiders.

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.