Field & Main Bank Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Field & Main Bank lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 552 shares of the Internet television network’s stock after acquiring an additional 26 shares during the period. Field & Main Bank’s holdings in Netflix were worth $492,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Resource Group boosted its position in Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after purchasing an additional 12 shares in the last quarter. Insight Wealth Strategies LLC raised its stake in Netflix by 1.9% during the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after purchasing an additional 12 shares during the period. Sunflower Bank N.A. boosted its holdings in Netflix by 2.1% in the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after acquiring an additional 12 shares during the last quarter. D.B. Root & Company LLC grew its holdings in shares of Netflix by 4.1% during the 4th quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock worth $295,000 after purchasing an additional 13 shares during the period. Finally, New World Advisors LLC increased its position in Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after purchasing an additional 14 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. The Goldman Sachs Group upped their price objective on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and lifted their target price for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Finally, UBS Group increased their price target on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay C. Hoag sold 617 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,117 shares of company stock valued at $123,913,691. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.0 %

Shares of NASDAQ:NFLX traded up $0.03 during mid-day trading on Wednesday, hitting $971.86. The company had a trading volume of 569,047 shares, compared to its average volume of 4,464,701. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. Netflix, Inc. has a one year low of $542.01 and a one year high of $999.00. The firm has a fifty day moving average price of $899.64 and a 200 day moving average price of $772.71. The company has a market capitalization of $415.43 billion, a PE ratio of 49.15, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 earnings per share. As a group, research analysts forecast that Netflix, Inc. will post 23.72 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.