Whittier Trust Co. of Nevada Inc. Has $1.72 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Whittier Trust Co. of Nevada Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 109.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,842 shares of the Internet television network's stock after buying an additional 962 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Netflix were worth $1,718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Netflix by 5.0% in the 4th 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 boosted 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 valued at $912,000 after purchasing an additional 144 shares in the last quarter. BIP Wealth LLC boosted its stake in shares of Netflix by 23.8% in the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after purchasing an additional 87 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Netflix by 39.1% in the 4th quarter. Proficio Capital Partners LLC now owns 2,161 shares of the Internet television network's stock valued at $1,926,000 after purchasing an additional 607 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Netflix by 9.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 438 shares of the Internet television network's stock valued at $390,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on NFLX. BMO Capital Markets restated an "outperform" rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday. Benchmark reiterated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Wedbush reiterated an "outperform" rating and set a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research report on Monday. KeyCorp upped their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, TD Cowen upped their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,275.30.

Netflix Stock Down 5.1%

NASDAQ NFLX traded down $64.93 during trading hours on Friday, reaching $1,209.24. 10,671,483 shares of the company's stock were exchanged, compared to its average volume of 3,802,042. The company's 50-day moving average is $1,231.20 and its two-hundred day moving average is $1,058.57. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $514.62 billion, a price-to-earnings ratio of 57.15, a price-to-earnings-growth ratio of 2.26 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. Netflix's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.88 EPS. On average, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,179,614.58. This trade represents a 41.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the transaction, the director directly owned 79,040 shares of the company's stock, valued at $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 186,723 shares of company stock valued at $223,307,201 over the last quarter. Insiders own 1.37% of the company's stock.

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.