Sanibel Captiva Trust Company Inc. Acquires 250 Shares of Netflix, Inc. (NASDAQ:NFLX)

Sanibel Captiva Trust Company Inc. grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,052 shares of the Internet television network’s stock after purchasing an additional 250 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Netflix were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of 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 valued at $34,000 after purchasing an additional 42 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Netflix in the 4th quarter worth about $43,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix during the 3rd quarter worth about $37,000. Finally, FSA Wealth Management LLC bought a new position in Netflix during the 3rd quarter valued at about $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NFLX. Morgan Stanley upped their price objective on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Barclays raised their price target on Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. cut their price objective on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Citigroup increased their target price on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $845.06.

Insider Buying and Selling

In other news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. 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 over the last ninety days. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.9 %

NASDAQ:NFLX opened at $858.10 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50-day simple moving average is $884.58 and its 200-day simple moving average is $758.48. Netflix, Inc. has a fifty-two week low of $476.06 and a fifty-two week high of $941.75. The stock has a market capitalization of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Sell-side analysts expect that Netflix, Inc. will post 19.78 earnings per share 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.