First Bank & Trust Buys New Shares in Netflix, Inc. (NASDAQ:NFLX)

First Bank & Trust acquired a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,476 shares of the Internet television network's stock, valued at approximately $1,316,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Enzi Wealth grew its position in shares of Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after purchasing an additional 11 shares in the last quarter. TCI Wealth Advisors Inc. boosted its stake in Netflix by 1.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock worth $624,000 after purchasing an additional 11 shares during the period. Everett Harris & Co. CA increased its position in shares of Netflix by 1.3% during the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network's stock valued at $775,000 after buying an additional 11 shares during the period. Blossom Wealth Management lifted its holdings in shares of Netflix by 0.9% in the fourth quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network's stock worth $1,112,000 after buying an additional 11 shares in the last quarter. Finally, Beacon Financial Advisory LLC boosted its position in shares of Netflix by 0.9% in the fourth quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network's stock valued at $1,145,000 after acquiring an additional 11 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 4,939 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold 303,220 shares of company stock worth $289,856,164 over the last quarter. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NFLX shares. Pivotal Research upped their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Argus upped their price target on shares of Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a report on Monday, January 6th. The Goldman Sachs Group increased their price objective on Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Barclays upgraded Netflix from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Finally, Citigroup raised their price target on Netflix from $725.00 to $920.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.70.

Netflix Stock Down 2.1 %

NASDAQ:NFLX traded down $21.39 during trading hours on Friday, reaching $1,003.15. 3,695,353 shares of the company traded hands, compared to its average volume of 4,110,222. 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 business's 50-day moving average price is $938.86 and its two-hundred day moving average price is $815.63. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The stock has a market capitalization of $429.11 billion, a P/E ratio of 50.59, a P/E/G ratio of 2.16 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the previous year, the business posted $2.11 EPS. Netflix's revenue was up 16.0% compared to the same quarter last year. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix Company 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.