Simmons Bank Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

Simmons Bank raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 401 shares of the Internet television network’s stock after buying an additional 27 shares during the period. Simmons Bank’s holdings in Netflix were worth $284,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Denver PWM LLC purchased a new position in shares of Netflix during the 2nd quarter worth $25,000. Proffitt & Goodson Inc. grew its holdings in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. AlphaMark Advisors LLC grew its holdings in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the period. Finally, Triad Wealth Partners LLC purchased a new position in shares of Netflix during the 2nd quarter worth $38,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Up 0.8 %

Shares of NFLX stock opened at $837.26 on Friday. The business’s 50 day moving average is $729.53 and its two-hundred day moving average is $676.61. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $841.00. The company has a market capitalization of $357.90 billion, a P/E ratio of 47.26, a price-to-earnings-growth ratio of 1.58 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its earnings results 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 company had revenue of $9.82 billion for 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%. Equities analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Activity

In other news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leslie J. Kilgore sold 1,372 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total transaction of $966,999.32. The disclosure for this sale can be found here. Insiders sold 205,084 shares of company stock valued at $146,747,101 in the last three months. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NFLX shares. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. The Goldman Sachs Group set a $750.00 target price on Netflix in a research note on Friday, October 18th. Rosenblatt Securities increased their target price on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Citigroup increased their target price on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Macquarie reissued an “outperform” rating and set a $795.00 target price on shares of Netflix in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus target price of $748.15.

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.