Trust Co. of Oklahoma Buys New Position in Netflix, Inc. (NASDAQ:NFLX)

Trust Co. of Oklahoma bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 281 shares of the Internet television network's stock, valued at approximately $262,000.

A number of other institutional investors have also recently made changes to their positions in the business. Capital & Planning LLC purchased a new stake in Netflix during the 4th quarter worth about $809,000. Brighton Jones LLC boosted its stake in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Netflix during the 4th quarter worth $12,212,000. Revolve Wealth Partners LLC increased its stake in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares during the period. Finally, Stiles Financial Services Inc raised its holdings in shares of Netflix by 46.4% in the fourth quarter. Stiles Financial Services Inc now owns 868 shares of the Internet television network's stock valued at $774,000 after buying an additional 275 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the sale, the director now owns 79,040 shares of the company's stock, valued at $87,099,708.80. The trade was a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,140 shares of company stock worth $210,271,552 in the last quarter. 1.37% of the stock is owned by insiders.

Netflix Trading Down 1.7%

NASDAQ:NFLX traded down $20.84 during mid-day trading on Tuesday, reaching $1,203.62. The company's stock had a trading volume of 4,450,878 shares, compared to its average volume of 3,754,940. 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 $512.23 billion, a P/E ratio of 60.70, a P/E/G ratio of 2.12 and a beta of 1.59. The company's fifty day simple moving average is $1,093.58 and its two-hundred day simple moving average is $991.46. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period last year, the company earned $8.28 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wedbush restated an "outperform" rating and issued a $1,200.00 price target on shares of Netflix in a research report on Monday, May 5th. FBN Securities assumed coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price on the stock. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Citigroup reaffirmed a "neutral" rating and set a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Finally, Rosenblatt Securities boosted their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,149.91.

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.