Sanibel Captiva Trust Company Inc. Purchases 474 Shares of Netflix, Inc. (NASDAQ:NFLX)

Sanibel Captiva Trust Company Inc. lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 23.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,526 shares of the Internet television network's stock after purchasing an additional 474 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in Netflix were worth $2,356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pathway Financial Advisers LLC grew its holdings in 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 acquiring an additional 14 shares during the period. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter worth about $27,000. Transce3nd LLC acquired a new position in Netflix during the fourth quarter worth about $32,000. Pineridge Advisors LLC grew its holdings in 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 acquiring an additional 40 shares during the period. Finally, Copia Wealth Management acquired a new position in Netflix during the fourth quarter worth about $37,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NFLX traded down $2.88 on Friday, hitting $1,212.15. The company had a trading volume of 2,209,188 shares, compared to its average volume of 3,761,170. The company's fifty day moving average price is $1,120.37 and its 200 day moving average price is $999.25. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $515.86 billion, a price-to-earnings ratio of 61.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59.

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 for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the company earned $8.28 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on NFLX. Guggenheim reaffirmed a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Citigroup reissued a "neutral" rating and issued a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. BMO Capital Markets reissued an "outperform" rating and issued a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Wolfe Research set a $1,340.00 price target on Netflix and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Rosenblatt Securities lifted their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,156.73.

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director now directly owns 63,040 shares of the company's stock, valued at $78,948,144. The trade was a 33.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,140 shares of company stock worth $210,271,552. 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.