Arlington Trust Co LLC Has $982,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Arlington Trust Co LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,102 shares of the Internet television network’s stock after buying an additional 17 shares during the period. Arlington Trust Co LLC’s holdings in Netflix were worth $982,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of 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 valued at $34,000 after buying an additional 42 shares during the period. Newton One Investments LLC acquired a new stake in shares of Netflix during the 4th quarter valued at $34,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix during the 3rd quarter valued at $37,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Netflix during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. 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 three months. 1.76% of the stock is owned by insiders.

Netflix Price Performance

NASDAQ:NFLX opened at $1,013.93 on Monday. The firm has a market cap of $433.72 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,027.76. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $917.36 and its two-hundred day moving average price is $791.20.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm 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 company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.11 earnings per share. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NFLX. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and lifted their target price for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $1,100.00 price objective (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Macquarie lifted their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Arete Research raised shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Finally, Loop Capital lifted their price objective on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

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.