Parkside Financial Bank & Trust Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

Parkside Financial Bank & Trust lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 7.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,336 shares of the Internet television network’s stock after selling 103 shares during the period. Parkside Financial Bank & Trust’s holdings in Netflix were worth $650,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its holdings in shares of Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after acquiring an additional 1,573,978 shares during the period. Northern Trust Corp raised its holdings in shares of Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after acquiring an additional 96,938 shares during the period. Clearbridge Investments LLC raised its holdings in shares of Netflix by 5.3% during the 3rd quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock worth $1,051,123,000 after acquiring an additional 139,165 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Netflix by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock worth $903,834,000 after acquiring an additional 14,364 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of Netflix by 15,039.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after acquiring an additional 2,061,859 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares in the company, valued at $717,379.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares in the company, valued at $717,379.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay C. Hoag sold 47,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total value of $25,873,500.00. Following the sale, the director now owns 431,034 shares of the company’s stock, valued at approximately $237,284,217. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock worth $151,619,811 over the last 90 days. 2.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NFLX shares. Oppenheimer restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a report on Friday. Bank of America boosted their price objective on shares of Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird boosted their price objective on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Canaccord Genuity Group lowered shares of Netflix from a “buy” rating to a “hold” rating and reduced their price objective for the company from $720.00 to $585.00 in a report on Friday. Finally, KeyCorp boosted their price objective on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Netflix Stock Up 4.1 %

NFLX traded up $22.80 on Tuesday, reaching $577.40. The company’s stock had a trading volume of 3,515,883 shares, compared to its average volume of 4,497,296. The stock has a 50 day moving average of $605.58 and a two-hundred day moving average of $516.27. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $248.80 billion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 1.49 and a beta of 1.22. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the previous year, the business earned $2.88 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, analysts forecast that Netflix, Inc. will post 17.13 EPS for the current fiscal year.

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.