Netflix, Inc. (NASDAQ:NFLX) Stake Raised by Field & Main Bank

Field & Main Bank lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 80.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 998 shares of the Internet television network's stock after buying an additional 446 shares during the period. Field & Main Bank's holdings in Netflix were worth $931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after acquiring an additional 144 shares during the period. J. W. Coons Advisors LLC bought a new position in shares of Netflix in the fourth quarter valued at approximately $205,000. IFP Advisors Inc increased its stake in shares of Netflix by 20.9% during the fourth quarter. IFP Advisors Inc now owns 4,589 shares of the Internet television network's stock valued at $4,091,000 after acquiring an additional 792 shares during the period. Finally, Crestwood Advisors Group LLC raised its holdings in Netflix by 6.3% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,217 shares of the Internet television network's stock worth $2,867,000 after purchasing an additional 190 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. The trade was a 98.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 1,090 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. Insiders sold a total of 184,660 shares of company stock valued at $209,802,025 in the last quarter. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. Moffett Nathanson reiterated a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Cfra Research raised Netflix to a "strong-buy" rating in a report on Monday, April 28th. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Macquarie lifted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Finally, Benchmark reissued a "hold" rating on shares of Netflix in a research note 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,172.73.

Netflix Trading Up 2.0%

Shares of NFLX stock opened at $1,279.11 on Wednesday. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,282.57. The company has a market cap of $544.35 billion, a PE ratio of 60.45, a price-to-earnings-growth ratio of 2.43 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The business's 50 day moving average is $1,163.30 and its two-hundred day moving average is $1,016.26.

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

About Netflix

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.

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