Hancock Whitney Corp Has $26.06 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Hancock Whitney Corp lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,241 shares of the Internet television network's stock after buying an additional 405 shares during the period. Netflix comprises approximately 0.8% of Hancock Whitney Corp's portfolio, making the stock its 23rd biggest position. Hancock Whitney Corp's holdings in Netflix were worth $26,063,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Science & Technology Partners L.P. purchased a new stake in Netflix in the 4th quarter worth approximately $1,560,000. Integrated Wealth Concepts LLC increased its position in Netflix by 12.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 12,312 shares of the Internet television network's stock worth $10,973,000 after purchasing an additional 1,335 shares during the last quarter. Burling Wealth Partners LLC acquired a new stake in shares of Netflix during the 4th quarter valued at about $270,000. RiverPark Advisors LLC increased its holdings in Netflix by 32.3% in the fourth quarter. RiverPark Advisors LLC now owns 4,867 shares of the Internet television network's stock worth $4,338,000 after buying an additional 1,188 shares during the last quarter. Finally, Coppell Advisory Solutions LLC grew its position in Netflix by 1,017.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 5,320 shares of the Internet television network's stock worth $4,783,000 after acquiring an additional 4,844 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 41,121 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 273,855 shares of company stock valued at $267,474,816 over the last three months. Company insiders own 1.76% of the company's stock.

Netflix Stock Up 0.9 %

Shares of NASDAQ:NFLX opened at $1,049.94 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52 week low of $544.25 and a 52 week high of $1,064.97. The company has a 50 day moving average price of $953.84 and a two-hundred day moving average price of $898.31. The company has a market capitalization of $449.12 billion, a PE ratio of 52.95, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the firm earned $8.28 EPS. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NFLX. KeyCorp boosted their price target on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Monday. Needham & Company LLC reissued a "buy" rating and set a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. Evercore ISI increased their target price on Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Monday. Benchmark restated a "hold" rating on shares of Netflix in a report on Monday. Finally, Morgan Stanley boosted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,070.65.

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.

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