Netflix, Inc. $NFLX Stock: Keybank National Association OH Raises Stake

Keybank National Association OH raised its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 21.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,289 shares of the Internet television network’s stock after buying an additional 14,430 shares during the quarter. Keybank National Association OH’s holdings in Netflix were worth $5,795,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Csenge Advisory Group boosted its holdings in shares of Netflix by 9.8% during the 3rd quarter. Csenge Advisory Group now owns 12,938 shares of the Internet television network’s stock worth $900,000 after buying an additional 1,158 shares in the last quarter. Gables Capital Management Inc. grew its position in shares of Netflix by 1.4% during the 3rd quarter. Gables Capital Management Inc. now owns 27,820 shares of the Internet television network’s stock worth $1,936,000 after buying an additional 380 shares during the period. Marathon Wealth Advisors LLC grew its position in shares of Netflix by 5.8% during the 3rd quarter. Marathon Wealth Advisors LLC now owns 46,855 shares of the Internet television network’s stock worth $3,260,000 after buying an additional 2,586 shares during the period. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Netflix by 23.3% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 56,389 shares of the Internet television network’s stock valued at $3,924,000 after acquiring an additional 10,651 shares in the last quarter. Finally, 71 West Capital Partners increased its stake in shares of Netflix by 8.1% in the 3rd quarter. 71 West Capital Partners now owns 84,286 shares of the Internet television network’s stock valued at $5,865,000 after acquiring an additional 6,317 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NFLX has been the topic of a number of research reports. CICC Research dropped their target price on shares of Netflix from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Citizens Jmp restated a “market perform” rating on shares of Netflix in a report on Wednesday, October 21st. Yorkville Ives assumed coverage on shares of Netflix in a research note on Monday, October 5th. They issued an “in-line” rating and a $75.00 price target for the company. New Street Research lifted their price target on shares of Netflix from $96.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Finally, William Blair reiterated an “outperform” rating on shares of Netflix in a report on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $89.14.

Read Our Latest Stock Report on NFLX

Netflix Stock Performance

NASDAQ NFLX opened at $62.69 on Friday. The company has a fifty day moving average price of $69.59 and a 200-day moving average price of $80.54. The firm has a market cap of $257.43 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.94 and a beta of 1.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.07. Netflix, Inc. has a 1 year low of $61.39 and a 1 year high of $116.73.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The company had revenue of $12.87 billion for the quarter, compared to analyst estimates of $12.87 billion. During the same period last year, the firm earned $0.59 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

More Netflix News

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Insider Activity

In other news, insider David A. Hyman sold 5,727 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $64.55, for a total value of $369,677.85. Following the completion of the transaction, the insider directly owned 166,100 shares of the company’s stock, valued at $10,721,755. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $63.62, for a total value of $1,737,589.44. Following the sale, the chief executive officer directly owned 119,412 shares of the company’s stock, valued at $7,596,991.44. The trade was a 18.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 89,024 shares of company stock worth $5,788,733. Corporate insiders own 1.24% of the company’s stock.

Netflix Company Profile

(Free Report)

Netflix, Inc. is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand. Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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