Texas Bank & Trust Co Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Texas Bank & Trust Co bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 415 shares of the Internet television network's stock, valued at approximately $370,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. raised its position in shares of Netflix by 137.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,508 shares of the Internet television network's stock worth $1,344,000 after purchasing an additional 874 shares during the period. Capital & Planning LLC acquired a new stake in Netflix in the 4th quarter valued at about $809,000. Sanibel Captiva Trust Company Inc. lifted its stake in Netflix by 13.9% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 2,052 shares of the Internet television network's stock valued at $1,829,000 after purchasing an additional 250 shares during the last quarter. Trust Co. of Vermont boosted its stake in shares of Netflix by 2.5% during the 4th quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network's stock worth $508,000 after acquiring an additional 14 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in shares of Netflix by 35.3% during the 4th quarter. Ameritas Advisory Services LLC now owns 3,733 shares of the Internet television network's stock worth $3,327,000 after acquiring an additional 973 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity

In other news, Director Ann Mather sold 1,358 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $3,624,746.55. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 132,868 shares of company stock worth $138,483,256. Insiders own 1.76% of the company's stock.

Netflix Price Performance

Shares of NFLX stock traded up $2.61 during trading hours on Wednesday, hitting $1,194.63. The company had a trading volume of 2,969,681 shares, compared to its average volume of 3,754,513. The firm's fifty day moving average is $1,020.82 and its 200 day moving average is $952.98. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,210.94. The firm has a market capitalization of $508.40 billion, a price-to-earnings ratio of 60.24, a PEG ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating 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 firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the prior year, the business posted $8.28 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NFLX shares. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Oppenheimer restated an "outperform" rating and issued a $1,200.00 target price (up previously from $1,150.00) on shares of Netflix in a report on Friday, April 18th. The Goldman Sachs Group increased their target price on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Sanford C. Bernstein upgraded Netflix from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Eleven 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 stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,102.79.

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.