Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 55.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,025 shares of the Internet television network's stock after acquiring an additional 1,085 shares during the period. Trustmark National Bank Trust Department's holdings in Netflix were worth $2,146,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. DigitalBridge Group Inc. raised its stake in shares of Netflix by 35.5% during the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network's stock worth $24,338,000 after buying an additional 9,451 shares during the period. Natixis Advisors LLC increased its holdings in Netflix by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network's stock worth $434,398,000 after acquiring an additional 11,921 shares in the last quarter. Venturi Wealth Management LLC raised its position in Netflix by 27.5% during the third quarter. Venturi Wealth Management LLC now owns 3,077 shares of the Internet television network's stock worth $2,182,000 after acquiring an additional 664 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Netflix by 58.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network's stock valued at $55,968,000 after purchasing an additional 30,511 shares in the last quarter. Finally, Forsta AP Fonden grew its position in shares of Netflix by 7.7% in the third quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network's stock valued at $86,105,000 after purchasing an additional 8,700 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NFLX. JPMorgan Chase & Co. raised their price target on shares of Netflix from $750.00 to $850.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Pivotal Research lifted their price target on Netflix from $925.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Wednesday. Bank of America increased their price objective on Netflix from $800.00 to $1,000.00 and gave the company a "buy" rating in a research note on Thursday. Canaccord Genuity Group lifted their target price on shares of Netflix from $750.00 to $760.00 and gave the stock a "hold" rating in a research note on Friday, October 18th. Finally, China Renaissance assumed coverage on shares of Netflix in a research report on Thursday, September 5th. They issued a "hold" rating and a $680.00 target price for the company. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $764.82.

Insider Transactions at Netflix

In related news, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 4,392 shares of the firm's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,490,250. The trade was a 25.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,866 shares of company stock valued at $133,393,921. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Up 1.5 %

Shares of NFLX stock traded up $13.63 during trading on Thursday, reaching $897.48. The company's stock had a trading volume of 4,497,131 shares, compared to its average volume of 3,667,550. The company has a market capitalization of $383.64 billion, a price-to-earnings ratio of 50.30, a P/E/G ratio of 1.68 and a beta of 1.25. Netflix, Inc. has a 1-year low of $445.73 and a 1-year high of $908.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock's 50-day moving average price is $747.20 and its 200 day moving average price is $686.80.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts' consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, research analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

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.