OLD National Bancorp IN Has $3.18 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

OLD National Bancorp IN lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,567 shares of the Internet television network’s stock after purchasing an additional 20 shares during the period. OLD National Bancorp IN’s holdings in Netflix were worth $3,179,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. First Affirmative Financial Network raised its position in shares of Netflix by 3.1% during the fourth quarter. First Affirmative Financial Network now owns 1,337 shares of the Internet television network’s stock worth $1,192,000 after purchasing an additional 40 shares during the period. Abel Hall LLC grew its holdings in Netflix by 4.3% during the fourth quarter. Abel Hall LLC now owns 608 shares of the Internet television network’s stock worth $542,000 after buying an additional 25 shares in the last quarter. Enzi Wealth grew its holdings in Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after buying an additional 11 shares in the last quarter. Strategic Planning Group LLC grew its holdings in Netflix by 1.3% during the fourth quarter. Strategic Planning Group LLC now owns 18,205 shares of the Internet television network’s stock worth $16,227,000 after buying an additional 226 shares in the last quarter. Finally, Hanson & Doremus Investment Management grew its holdings in Netflix by 17.0% during the fourth quarter. Hanson & Doremus Investment Management now owns 200 shares of the Internet television network’s stock worth $178,000 after buying an additional 29 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NFLX opened at $973.24 on Friday. The stock’s 50-day simple moving average is $901.54 and its 200 day simple moving average is $774.15. The stock has a market capitalization of $416.31 billion, a price-to-earnings ratio of 49.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.11 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NFLX. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Bank of America upped their price target on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Pivotal Research upped their price target on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Oppenheimer upped their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Finally, Evercore ISI upped their price objective on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Buying and Selling at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 105,516 shares of company stock valued at $92,377,637 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

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.