UMB Bank n.a. Sells 125 Shares of Netflix, Inc. (NASDAQ:NFLX)

UMB Bank n.a. cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 34,802 shares of the Internet television network’s stock after selling 125 shares during the quarter. UMB Bank n.a.’s holdings in Netflix were worth $31,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix in the third quarter valued at $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix during the 3rd quarter worth about $38,000. Finally, First Personal Financial Services acquired a new position in Netflix in the 3rd quarter valued at about $40,000. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 1.9 %

NFLX opened at $858.10 on Monday. The company has a market cap of $366.80 billion, a P/E ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company has a fifty day moving average price of $884.58 and a two-hundred day moving average price of $759.04. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1-year low of $476.06 and a 1-year high of $941.75.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results 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. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on NFLX. Macquarie upped their target price on Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Wedbush restated an “outperform” rating and issued a $950.00 price target (up from $800.00) on shares of Netflix in a research note on Monday, November 18th. Needham & Company LLC boosted their price objective on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Benchmark raised their target price on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a report on Friday, January 3rd. Finally, TD Cowen lifted their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $845.06.

Insider Buying and Selling

In related news, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the transaction, the director now owns 246 shares of the company’s stock, valued at $185,976. The trade was a 95.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock worth $127,616,898 in the last ninety 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.