Greenleaf Trust Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

Greenleaf Trust increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% in the fourth quarter, Holdings Channel reports. The firm owned 9,988 shares of the Internet television network’s stock after buying an additional 184 shares during the quarter. Greenleaf Trust’s holdings in Netflix were worth $4,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NFLX. Authentikos Wealth Advisory LLC purchased a new position in shares of Netflix during the third quarter worth about $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix during the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC grew its stake in shares of Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of Netflix by 89.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 35 shares during the period. Finally, Evermay Wealth Management LLC raised its stake in shares of Netflix by 94.9% during the first quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock worth $40,000 after purchasing an additional 56 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction dated 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 owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $8,181,250. The disclosure for this sale can be found here. Over the last three months, insiders sold 268,335 shares of company stock worth $151,619,811. 2.45% of the stock is owned by company insiders.

Netflix Price Performance

NFLX stock opened at $555.04 on Friday. The stock has a market capitalization of $240.20 billion, a price-to-earnings ratio of 38.52, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $639.00. The stock’s fifty day simple moving average is $605.65 and its 200-day simple moving average is $513.07.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.46% and a net margin of 18.42%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same period last year, the company earned $2.88 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Equities research analysts expect that Netflix, Inc. will post 17.08 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Guggenheim boosted their price objective on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday. Oppenheimer reissued an “outperform” rating and set a $725.00 price target on shares of Netflix in a report on Friday. Canaccord Genuity Group reiterated a “hold” rating and set a $585.00 target price (down previously from $720.00) on shares of Netflix in a research report on Friday. Redburn Atlantic raised their price target on Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, UBS Group lifted their price target on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $630.58.

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.