Keybank National Association OH Has $8 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Keybank National Association OH trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,575 shares of the Internet television network's stock after selling 210 shares during the period. Keybank National Association OH's holdings in Netflix were worth $7,996,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NFLX. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 8,827,662 shares in the last quarter. Norges Bank bought a new stake in Netflix during the fourth quarter worth about $5,019,087,000. Arrowstreet Capital Limited Partnership raised its holdings in Netflix by 59.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after acquiring an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Netflix by 318.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after acquiring an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Netflix by 14.3% during the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after acquiring an additional 570,674 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Up 0.8%

NASDAQ:NFLX traded up $10.38 during trading hours on Friday, hitting $1,295.24. 2,006,224 shares of the company were exchanged, compared to its average volume of 3,766,089. The stock has a market capitalization of $551.21 billion, a price-to-earnings ratio of 61.21, a price-to-earnings-growth ratio of 2.35 and a beta of 1.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The company has a fifty day simple moving average of $1,207.87 and a 200 day simple moving average of $1,037.61.

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

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the sale, the director directly owned 79,040 shares in the company, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 26,977 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the sale, the director owned 394 shares of the company's stock, valued at approximately $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 186,723 shares of company stock valued at $223,307,201 in the last quarter. 1.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on NFLX. Moffett Nathanson reiterated a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Evercore ISI restated an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. The Goldman Sachs Group upped their price objective on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research note on Wednesday. Rosenblatt Securities upped their price objective on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, Wolfe Research set a $1,340.00 price objective on Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,182.58.

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.