Huntington National Bank Boosts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Huntington National Bank lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,533 shares of the Internet television network's stock after purchasing an additional 5,639 shares during the period. Netflix comprises about 1.2% of Huntington National Bank's portfolio, making the stock its 20th biggest holding. Huntington National Bank's holdings in Netflix were worth $166,261,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised its position in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares during the period. Newton One Investments LLC acquired a new stake in shares of Netflix during the 4th quarter valued at about $34,000. Pineridge Advisors LLC increased its stake in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. Princeton Global Asset Management LLC raised its holdings in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares during the period. Finally, Decker Retirement Planning Inc. acquired a new position in Netflix in the 4th quarter worth about $43,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

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Netflix Trading Down 2.0 %

Shares of Netflix stock traded down $18.47 during trading hours on Thursday, hitting $917.05. The company's stock had a trading volume of 5,855,995 shares, compared to its average volume of 3,606,802. The firm has a fifty day moving average of $974.03 and a 200-day moving average of $873.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $392.27 billion, a price-to-earnings ratio of 46.25, a P/E/G ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating 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 prior year, the company posted $2.11 earnings per share. Netflix's revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on NFLX shares. Loop Capital reissued a "hold" rating on shares of Netflix in a report on Monday, March 24th. Citigroup lifted their price target 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. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, Robert W. Baird boosted their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven 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 currently has an average rating of "Moderate Buy" and a consensus target price of $1,023.74.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 102,228 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 41,121 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the sale, the insider now owns 31,610 shares in the company, 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. In the last quarter, insiders sold 280,676 shares of company stock valued at $273,515,672. Company insiders own 1.76% of the company's stock.

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.