Central Bank & Trust Co. Sells 73 Shares of Netflix, Inc. (NASDAQ:NFLX)

Central Bank & Trust Co. lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,743 shares of the Internet television network’s stock after selling 73 shares during the period. Central Bank & Trust Co.’s holdings in Netflix were worth $3,336,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Netflix by 700.0% during 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 acquiring an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC acquired a new stake in shares of Netflix in the third quarter valued at approximately $38,000. Finally, First Personal Financial Services bought a new stake in shares of Netflix in the third quarter worth $40,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NFLX. Bank of America raised their target price on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Argus upped their target price on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Evercore ISI raised their price target on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Finally, BMO Capital Markets raised their target price on shares of Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $845.06.

Netflix Price Performance

NFLX stock opened at $858.10 on Tuesday. The company’s 50-day moving average price is $884.58 and its two-hundred day moving average price is $759.58. The firm has a market cap of $366.80 billion, a P/E ratio of 48.56, a P/E/G ratio of 1.40 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $476.06 and a 12 month high of $941.75.

Insider Activity at Netflix

In other news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the sale, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the transaction, the chief executive officer now owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. This represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 152,198 shares of company stock valued at $127,616,898 over the last three months. 1.76% of the stock is owned by insiders.

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.