Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Grove Bank & Trust

Grove Bank & Trust increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,002 shares of the Internet television network’s stock after purchasing an additional 117 shares during the quarter. Grove Bank & Trust’s holdings in Netflix were worth $2,838,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Denver PWM LLC purchased a new stake in shares of Netflix during the second quarter worth about $25,000. Valued Wealth Advisors LLC increased its stake in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares in the last quarter. Proffitt & Goodson Inc. raised its holdings in shares of Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares during the last quarter. AlphaMark Advisors LLC lifted its position in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares in the last quarter. Finally, Indiana Trust & Investment Management CO boosted its stake in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on NFLX shares. The Goldman Sachs Group increased their price objective on Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Barclays reiterated an “underweight” rating and issued a $550.00 target price on shares of Netflix in a research report on Monday, October 7th. Jefferies Financial Group upped their price objective on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Guggenheim increased their price objective on shares of Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $750.00 target price on shares of Netflix in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $702.79.

Netflix Stock Down 0.8 %

NFLX stock traded down $5.76 during mid-day trading on Monday, reaching $717.03. The company had a trading volume of 1,193,100 shares, compared to its average volume of 3,637,383. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $736.00. The company has a market capitalization of $309.04 billion, a price-to-earnings ratio of 50.05, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a fifty day simple moving average of $686.60 and a 200 day simple moving average of $651.60.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the previous year, the firm earned $3.29 earnings per share. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. Analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the transaction, the director now owns 35,262 shares in the company, valued at $25,741,260. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 225,167 shares of company stock worth $150,492,460. Corporate insiders own 1.76% of the company’s stock.

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.