Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 112.0% during the 1st quarter, HoldingsChannel reports. The firm owned 53 shares of the Internet television network’s stock after acquiring an additional 28 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in Netflix were worth $32,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of NFLX. VitalStone Financial LLC lifted its holdings in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after buying an additional 56 shares in the last quarter. Scarborough Advisors LLC acquired a new position in shares of Netflix in the fourth quarter worth about $32,000. Beaird Harris Wealth Management LLC boosted its holdings in Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares during the last quarter. Spartan Planning & Wealth Management acquired a new stake in Netflix during the 3rd quarter valued at approximately $26,000. Finally, PFS Partners LLC increased its holdings in Netflix by 40.0% during the 1st quarter. PFS Partners LLC now owns 70 shares of the Internet television network’s stock worth $43,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 1.4 %

Netflix stock opened at $674.88 on Friday. The company’s 50-day moving average price is $628.93 and its two-hundred day moving average price is $583.49. The stock has a market cap of $290.87 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $689.88. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the business earned $2.88 earnings per share. On average, analysts expect that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NFLX shares. Bank of America raised their price target on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Rosenblatt Securities raised their price objective on shares of Netflix from $540.00 to $554.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. JPMorgan Chase & Co. upped their target price on shares of Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. CICC Research assumed coverage on Netflix in a research note on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 price target for the company. Finally, Evercore ISI upped their price objective on Netflix from $650.00 to $700.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $633.53.

Insider Activity

In other news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at $17,091.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Chairman Reed Hastings sold 20,566 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anne M. Sweeney sold 3,029 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $580.00, for a total value of $1,756,820.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,425 shares of company stock worth $41,919,791. 1.76% of the stock is owned by company insiders.

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.