Commerce Bank Has $19.75 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Commerce Bank cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,161 shares of the Internet television network's stock after selling 1,409 shares during the period. Commerce Bank's holdings in Netflix were worth $19,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC grew its stake in shares of Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after acquiring an additional 375,234 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after purchasing an additional 175,596 shares in the last quarter. Norges Bank bought a new position in Netflix in the fourth quarter valued at $5,019,087,000. Finally, Alliancebernstein L.P. lifted its position in Netflix by 1.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock worth $4,582,568,000 after buying an additional 82,564 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Canaccord Genuity Group raised Netflix from a "hold" rating to a "buy" rating and lifted their target price for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Moffett Nathanson restated a "buy" rating and set a $1,150.00 target price on shares of Netflix in a report on Friday. Argus boosted their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Oppenheimer reiterated an "outperform" rating on shares of Netflix in a report on Friday. Finally, Benchmark upgraded Netflix from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,023.49.

Netflix Stock Up 1.2 %

NFLX stock opened at $973.03 on Friday. The stock has a market capitalization of $416.22 billion, a P/E ratio of 49.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $954.87 and a 200-day moving average price of $891.82. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the prior year, the business earned $8.28 earnings per share. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now owns 394 shares in the company, valued at $362,933.10. The trade was a 98.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,312 shares of company stock worth $267,919,297 in the last quarter. 1.76% of the stock is owned by insiders.

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.

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