Citizens National Bank Trust Department Cuts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Citizens National Bank Trust Department lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 668 shares of the Internet television network’s stock after selling 30 shares during the quarter. Citizens National Bank Trust Department’s holdings in Netflix were worth $595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Bank & Trust purchased a new stake in Netflix in the 4th quarter worth $1,316,000. Concurrent Investment Advisors LLC increased its holdings in Netflix by 34.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 11,959 shares of the Internet television network’s stock worth $10,659,000 after acquiring an additional 3,061 shares in the last quarter. Advyzon Investment Management LLC purchased a new stake in Netflix in the 4th quarter worth $507,000. Handelsbanken Fonder AB increased its holdings in Netflix by 3.7% in the 4th quarter. Handelsbanken Fonder AB now owns 197,945 shares of the Internet television network’s stock worth $176,432,000 after acquiring an additional 7,092 shares in the last quarter. Finally, WealthBridge Capital Management LLC increased its holdings in Netflix by 0.9% in the 4th quarter. WealthBridge Capital Management LLC now owns 1,550 shares of the Internet television network’s stock worth $1,382,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on NFLX shares. UBS Group lifted their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Arete Research raised shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. KeyCorp lifted their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 303,220 shares of company stock worth $289,856,164. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 0.7 %

Shares of NASDAQ:NFLX opened at $1,043.33 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $446.29 billion, a PE ratio of 52.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.27. The firm’s 50-day moving average is $936.88 and its two-hundred day moving average is $814.17. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. Analysts predict that Netflix, Inc. will post 24.58 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.