Bank of Hawaii Buys 1,346 Shares of Netflix, Inc. (NASDAQ:NFLX)

Bank of Hawaii increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 23.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,117 shares of the Internet television network’s stock after purchasing an additional 1,346 shares during the period. Bank of Hawaii’s holdings in Netflix were worth $6,344,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC lifted its holdings in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares during the last quarter. Newton One Investments LLC purchased a new stake in Netflix in the 4th quarter worth about $34,000. Pineridge Advisors LLC increased its position in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares during the period. Princeton Global Asset Management LLC boosted its stake in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares in the last quarter. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $43,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is currently owned by company insiders.

Netflix Trading Up 8.6 %

NASDAQ:NFLX opened at $945.47 on Thursday. The stock’s 50 day moving average price is $962.78 and its 200 day moving average price is $881.51. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The company has a market capitalization of $404.43 billion, a PE ratio of 47.68, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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 firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.11 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NFLX shares. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. decreased their price objective on Netflix from $1,150.00 to $1,025.00 and set an “overweight” rating for the company in a report on Tuesday. KeyCorp decreased their price objective on Netflix from $1,100.00 to $1,000.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Phillip Securities downgraded Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $1,017.31.

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.