City Holding Co. Purchases 654 Shares of Netflix, Inc. (NASDAQ:NFLX)

City Holding Co. boosted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 29.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,873 shares of the Internet television network's stock after buying an additional 654 shares during the quarter. City Holding Co.'s holdings in Netflix were worth $2,561,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new stake in Netflix during the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock worth $34,000 after purchasing an additional 42 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in Netflix during the third quarter valued at $37,000. FSA Wealth Management LLC acquired a new stake in shares of Netflix during the third quarter worth $38,000. Finally, First Personal Financial Services bought a new stake in shares of Netflix during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insiders Place Their Bets

In other news, Director Richard N. Barton sold 6,364 shares of the business's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares of the company's stock, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,198 shares of company stock valued at $127,616,898. Company insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NFLX shares. Canaccord Genuity Group upped their price target on shares of Netflix from $760.00 to $940.00 and gave the stock a "hold" rating in a research report on Monday, December 2nd. UBS Group boosted their price objective on Netflix from $825.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Macquarie increased their price target on Netflix from $795.00 to $965.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. Citigroup lifted their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Finally, Piper Sandler increased their target price on shares of Netflix from $840.00 to $950.00 and gave the company an "overweight" rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $845.06.

Netflix Trading Up 1.9 %

NASDAQ:NFLX traded up $15.73 during trading hours on Monday, hitting $858.10. 3,563,913 shares of the stock were exchanged, compared to its average volume of 2,297,633. The company has a market capitalization of $366.80 billion, a P/E ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a twelve month low of $476.06 and a twelve month high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company's 50 day moving average is $884.58 and its two-hundred day moving average is $759.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.77 billion. On average, sell-side analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

About Netflix

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.