Hilltop National Bank Buys 92 Shares of Netflix, Inc. (NASDAQ:NFLX)

Hilltop National Bank grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,609 shares of the Internet television network’s stock after acquiring an additional 92 shares during the period. Netflix accounts for 1.0% of Hilltop National Bank’s holdings, making the stock its 20th biggest holding. Hilltop National Bank’s holdings in Netflix were worth $3,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix in the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC bought a new position in shares of Netflix during the third quarter valued at approximately $38,000. Finally, First Personal Financial Services purchased a new position in Netflix during the third quarter valued at approximately $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Anne M. Sweeney sold 589 shares of the 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 156,742 shares of company stock valued at $131,030,268. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Pivotal Research upped their target price on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price objective on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Friday. Guggenheim lifted their target price on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Wedbush reissued an “outperform” rating and set a $950.00 price target (up from $800.00) on shares of Netflix in a research report on Monday, November 18th. Finally, The Goldman Sachs Group raised their price target on shares of Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $824.00.

Netflix Stock Performance

Shares of NFLX stock traded down $34.86 on Friday, hitting $840.14. The company had a trading volume of 1,798,484 shares, compared to its average volume of 2,571,448. Netflix, Inc. has a twelve month low of $475.26 and a twelve month high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $359.12 billion, a P/E ratio of 47.55, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a 50-day moving average price of $876.43 and a 200-day moving average price of $751.52.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company 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%. As a group, equities research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.