Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 23.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,754 shares of the Internet television network’s stock after selling 826 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Netflix were worth $1,341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. Douglas Lane & Associates LLC raised its position in shares of Netflix by 12.5% in the 3rd quarter. Douglas Lane & Associates LLC now owns 559 shares of the Internet television network’s stock valued at $211,000 after purchasing an additional 62 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in Netflix by 5.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 1,284 shares of the Internet television network’s stock worth $485,000 after acquiring an additional 63 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in Netflix by 21.2% during the 3rd quarter. DAVENPORT & Co LLC now owns 7,129 shares of the Internet television network’s stock worth $2,692,000 after acquiring an additional 1,247 shares in the last quarter. Park Place Capital Corp increased its position in shares of Netflix by 15.9% in the 3rd quarter. Park Place Capital Corp now owns 1,733 shares of the Internet television network’s stock worth $654,000 after purchasing an additional 238 shares during the last quarter. Finally, Founders Financial Securities LLC raised its stake in shares of Netflix by 18.7% in the 3rd quarter. Founders Financial Securities LLC now owns 2,224 shares of the Internet television network’s stock valued at $840,000 after purchasing an additional 351 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on NFLX shares. Canaccord Genuity Group reiterated a “hold” rating and issued a $585.00 price target (down from $720.00) on shares of Netflix in a research note on Friday, April 19th. DZ Bank raised Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a research report on Thursday, January 25th. Redburn Atlantic lifted their price objective on shares of Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. BMO Capital Markets reiterated an “outperform” rating and set a $713.00 target price (up previously from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Finally, UBS Group lifted their price target on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $630.58.

Insider Activity at Netflix

In other Netflix news, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Gregory K. Peters sold 5,533 shares of Netflix stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $575.00, for a total transaction of $3,181,475.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $7,526,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 3,673 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 160,106 shares of company stock valued at $92,729,716. 2.45% of the stock is owned by corporate insiders.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $577.75 on Wednesday. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $639.00. The stock has a market capitalization of $248.95 billion, a price-to-earnings ratio of 40.09, a PEG ratio of 1.41 and a beta of 1.22. 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 stock’s fifty day simple moving average is $606.05 and its 200 day simple moving average is $517.65.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the prior year, the business posted $2.88 earnings per share. Netflix’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Netflix, Inc. will post 17.87 earnings per share 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.