Bath Savings Trust Co Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Bath Savings Trust Co increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 17.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 400 shares of the Internet television network’s stock after purchasing an additional 60 shares during the quarter. Bath Savings Trust Co’s holdings in Netflix were worth $357,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC purchased a new position in Netflix in the third quarter worth $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix during the third quarter worth $40,000. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NFLX. Barclays reissued an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research report on Friday, October 18th. Morgan Stanley upped their price objective on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Sanford C. Bernstein upped their price target on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. TD Cowen lifted their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. increased their price target on shares of Netflix from $850.00 to $1,010.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $821.27.

Insider Activity

In related news, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 150,761 shares of company stock worth $125,713,484. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Down 0.3 %

NASDAQ:NFLX traded down $2.75 during trading hours on Tuesday, reaching $879.04. 1,261,083 shares of the stock were exchanged, compared to its average volume of 2,492,636. The business has a 50-day moving average of $869.23 and a two-hundred day moving average of $748.42. Netflix, Inc. has a twelve month low of $472.95 and a twelve month high of $941.75. The company has a market capitalization of $375.75 billion, a price-to-earnings ratio of 49.75, a PEG ratio of 1.77 and a beta of 1.27. 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 posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. On average, equities analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

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.