Stock Yards Bank & Trust Co. Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Stock Yards Bank & Trust Co. lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,605 shares of the Internet television network’s stock after purchasing an additional 95 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Netflix were worth $2,322,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Alterna Wealth Management Inc. boosted its holdings in shares of Netflix by 10.9% in the fourth quarter. Alterna Wealth Management Inc. now owns 459 shares of the Internet television network’s stock valued at $409,000 after purchasing an additional 45 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of Netflix by 3.4% in the fourth quarter. CENTRAL TRUST Co now owns 2,999 shares of the Internet television network’s stock valued at $2,673,000 after purchasing an additional 100 shares during the period. McAdam LLC boosted its holdings in shares of Netflix by 7.5% in the fourth quarter. McAdam LLC now owns 1,643 shares of the Internet television network’s stock valued at $1,464,000 after purchasing an additional 114 shares during the period. Pacific Sage Partners LLC boosted its holdings in shares of Netflix by 27.7% in the fourth quarter. Pacific Sage Partners LLC now owns 1,488 shares of the Internet television network’s stock valued at $1,326,000 after purchasing an additional 323 shares during the period. Finally, Round Rock Advisors LLC lifted its holdings in Netflix by 6.9% during the fourth quarter. Round Rock Advisors LLC now owns 1,408 shares of the Internet television network’s stock worth $1,255,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NFLX. KeyCorp upped their target price on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Needham & Company LLC upped their target price on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Up 0.4 %

Shares of NASDAQ NFLX opened at $976.76 on Monday. The company has a 50 day simple moving average of $904.67 and a 200-day simple moving average of $778.61. The company has a market capitalization of $417.82 billion, a P/E ratio of 49.26, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the sale, the chief executive officer now owns 2,556 shares in the company, valued at approximately $1,960,579.80. This trade represents a 33.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,516 shares of company stock worth $92,377,637. 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.