Bremer Bank National Association Acquires 364 Shares of Netflix, Inc. (NASDAQ:NFLX)

Bremer Bank National Association increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,158 shares of the Internet television network's stock after buying an additional 364 shares during the quarter. Netflix accounts for about 1.7% of Bremer Bank National Association's portfolio, making the stock its 13th biggest holding. Bremer Bank National Association's holdings in Netflix were worth $9,473,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the fourth quarter worth about $27,000. Pathway Financial Advisers LLC grew its holdings in shares of Netflix by 82.4% during the fourth 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 in the last quarter. Transce3nd LLC bought a new position in shares of Netflix during the fourth quarter worth about $32,000. Newton One Investments LLC bought a new position in shares of Netflix during the fourth quarter worth about $34,000. Finally, Pineridge Advisors LLC grew its holdings in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on NFLX. Benchmark reiterated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Citigroup restated a "neutral" rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. KeyCorp raised their price target on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Needham & Company LLC restated a "buy" rating and issued a $1,126.00 price target on shares of Netflix in a research note on Thursday, April 17th. Finally, Piper Sandler set a $1,150.00 price objective on Netflix and gave the company an "overweight" rating in a research report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,149.91.

Netflix Trading Up 0.9%

Shares of NASDAQ:NFLX traded up $10.86 during midday trading on Thursday, reaching $1,250.52. The company's stock had a trading volume of 2,803,604 shares, compared to its average volume of 3,745,387. The firm has a 50 day moving average price of $1,075.18 and a two-hundred day moving average price of $982.47. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $532.19 billion, a price-to-earnings ratio of 63.06, a PEG ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the prior year, the business earned $8.28 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,300 shares of company stock valued at $169,146,939 over the last ninety days. 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.