Community Bank & Trust Waco Texas Trims Stake in Netflix, Inc. (NASDAQ:NFLX)

Community Bank & Trust Waco Texas trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 10.0% in the 4th quarter, HoldingsChannel reports. The firm owned 450 shares of the Internet television network’s stock after selling 50 shares during the period. Community Bank & Trust Waco Texas’ holdings in Netflix were worth $401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the period. Newton One Investments LLC bought a new position in Netflix in the 4th quarter worth $34,000. MidAtlantic Capital Management Inc. bought a new position in Netflix in the 3rd quarter worth $37,000. Finally, Pineridge Advisors LLC boosted its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Guggenheim raised their price objective on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Citigroup raised their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Evercore ISI raised their price objective on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 298,870 shares of company stock valued at $285,287,314 over the last ninety days. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

NASDAQ NFLX opened at $1,027.60 on Tuesday. The firm’s fifty day simple moving average is $917.36 and its two-hundred day simple moving average is $792.29. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,032.85. The firm has a market capitalization of $439.57 billion, a P/E ratio of 51.82, a P/E/G ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.11 earnings per share. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.