Bell Bank Has $1.87 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Bell Bank boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 14.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,092 shares of the Internet television network’s stock after buying an additional 261 shares during the period. Bell Bank’s holdings in Netflix were worth $1,865,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of NFLX. LifeSteps Financial Inc. grew its position in shares of Netflix by 5.2% during the 4th quarter. LifeSteps Financial Inc. now owns 306 shares of the Internet television network’s stock worth $273,000 after purchasing an additional 15 shares in the last quarter. Greystone Financial Group LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $211,000. Peregrine Asset Advisers Inc. grew its position in shares of Netflix by 139.4% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,042 shares of the Internet television network’s stock worth $1,820,000 after purchasing an additional 1,189 shares in the last quarter. VisionPoint Advisory Group LLC grew its position in shares of Netflix by 8.6% during the 4th quarter. VisionPoint Advisory Group LLC now owns 1,068 shares of the Internet television network’s stock worth $947,000 after purchasing an additional 85 shares in the last quarter. Finally, Bank of Stockton grew its position in shares of Netflix by 118.0% during the 4th quarter. Bank of Stockton now owns 2,535 shares of the Internet television network’s stock worth $2,259,000 after purchasing an additional 1,372 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 2.1 %

NASDAQ:NFLX opened at $1,003.15 on Friday. 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 stock has a market capitalization of $429.11 billion, a price-to-earnings ratio of 50.59, a PEG ratio of 2.16 and a beta of 1.27. The firm has a fifty day simple moving average of $940.55 and a two-hundred day simple moving average of $818.44. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share 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 firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the firm earned $2.11 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 303,220 shares of company stock valued at $289,856,164. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of analyst reports. The Goldman Sachs Group increased their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Oppenheimer increased their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Macquarie upped their price target on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.