Simmons Bank Purchases 27 Shares of Netflix, Inc. (NASDAQ:NFLX)

Simmons Bank increased its position in Netflix, Inc. (NASDAQ:NFLX) by 7.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 401 shares of the Internet television network’s stock after acquiring an additional 27 shares during the quarter. Simmons Bank’s holdings in Netflix were worth $284,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NFLX. New World Advisors LLC raised its stake in Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares in the last quarter. Heartland Bank & Trust Co raised its stake in Netflix by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares in the last quarter. Cedrus LLC raised its stake in Netflix by 0.8% in the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after purchasing an additional 15 shares in the last quarter. Capstone Triton Financial Group LLC raised its stake in Netflix by 0.6% in the third quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock valued at $1,717,000 after purchasing an additional 15 shares in the last quarter. Finally, Meritas Wealth Management LLC raised its stake in Netflix by 2.9% in the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after purchasing an additional 16 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 0.8 %

Shares of NFLX opened at $837.26 on Friday. The company has a market cap of $357.90 billion, a PE ratio of 47.26, a P/E/G ratio of 1.58 and a beta of 1.25. The business has a fifty day moving average of $729.53 and a 200 day moving average of $676.61. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $841.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, sell-side analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on NFLX shares. Redburn Atlantic lifted their price target on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. The Goldman Sachs Group set a $750.00 price objective on shares of Netflix in a report on Friday, October 18th. Macquarie restated an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Oppenheimer boosted their price objective on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $3,250,800.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. The trade was a 26.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Timothy M. Haley sold 647 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders have sold 205,084 shares of company stock worth $146,747,101 over the last quarter. Insiders own 1.76% of the company’s stock.

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.