Netflix, Inc. (NASDAQ:NFLX) Stake Raised by Zions Bancorporation N.A.

Zions Bancorporation N.A. boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,928 shares of the Internet television network's stock after buying an additional 624 shares during the period. Netflix makes up approximately 0.8% of Zions Bancorporation N.A.'s portfolio, making the stock its 16th biggest position. Zions Bancorporation N.A.'s holdings in Netflix were worth $12,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of NFLX. FineMark National Bank & Trust boosted its position in shares of Netflix by 2.7% during the fourth quarter. FineMark National Bank & Trust now owns 2,289 shares of the Internet television network's stock worth $2,040,000 after buying an additional 61 shares during the period. Ashton Thomas Securities LLC increased its position in shares of Netflix by 5.5% during the fourth quarter. Ashton Thomas Securities LLC now owns 4,622 shares of the Internet television network's stock worth $4,119,000 after acquiring an additional 239 shares during the period. GQG Partners LLC boosted its holdings in Netflix by 15.4% in the fourth quarter. GQG Partners LLC now owns 1,905,043 shares of the Internet television network's stock valued at $1,698,003,000 after purchasing an additional 253,594 shares during the period. EFG Asset Management North America Corp. grew its stake in Netflix by 22.3% during the 4th quarter. EFG Asset Management North America Corp. now owns 9,058 shares of the Internet television network's stock worth $8,075,000 after purchasing an additional 1,654 shares in the last quarter. Finally, Modern Wealth Management LLC grew its stake in Netflix by 37.1% during the 4th quarter. Modern Wealth Management LLC now owns 1,031 shares of the Internet television network's stock worth $919,000 after purchasing an additional 279 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group reiterated a "buy" rating on shares of Netflix in a research note on Monday, March 10th. Rosenblatt Securities upgraded shares of Netflix from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. KeyCorp raised their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley raised their price target on Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,016.78.

Netflix Price Performance

Shares of NASDAQ:NFLX traded up $25.29 on Tuesday, hitting $997.28. The company had a trading volume of 3,775,858 shares, compared to its average volume of 3,487,108. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The business has a 50 day moving average of $965.09 and a 200 day moving average of $863.43. 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 company has a market cap of $426.59 billion, a PE ratio of 50.29, a PEG ratio of 2.12 and a beta of 1.38.

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

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at $3,624,746.55. This represents a 41.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 35,868 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at approximately $101,241.12. This trade represents a 99.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 288,103 shares of company stock worth $279,142,041. 1.76% of the stock is currently owned by corporate 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.