Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Trust Co. of Vermont

Trust Co. of Vermont lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 526 shares of the Internet television network’s stock after purchasing an additional 26 shares during the period. Trust Co. of Vermont’s holdings in Netflix were worth $355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Valued Wealth Advisors LLC increased its position in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the period. Indiana Trust & Investment Management CO increased its position in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares during the period. VitalStone Financial LLC increased its position in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares during the period. Scarborough Advisors LLC acquired a new position in Netflix in the 4th quarter valued at about $32,000. Finally, Beaird Harris Wealth Management LLC boosted its holdings in Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 1.8 %

Netflix stock traded up $11.02 during trading on Tuesday, reaching $609.57. 4,314,282 shares of the company’s stock were exchanged, compared to its average volume of 3,943,511. The company’s 50-day moving average is $655.13 and its two-hundred day moving average is $615.50. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $697.49. The firm has a market cap of $262.72 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 1.28 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same period in the prior year, the company earned $3.29 EPS. The firm’s revenue was up 16.8% on a year-over-year basis. On average, analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Chairman Reed Hastings sold 19,943 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the transaction, the chairman now owns 57 shares of the company’s stock, valued at $36,114.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,835,750. The disclosure for this sale can be found here. In the last three months, insiders sold 73,415 shares of company stock valued at $47,477,222. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $713.00 price objective (up previously from $638.00) on shares of Netflix in a report on Wednesday, April 17th. Sanford C. Bernstein lifted their price objective on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a report on Friday, July 19th. CICC Research assumed coverage on Netflix in a report on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 price objective on the stock. Loop Capital lifted their price objective on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $681.21.

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.