Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,450 shares of the Internet television network’s stock after selling 18 shares during the period. Central Pacific Bank Trust Division’s holdings in Netflix were worth $2,184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Modus Advisors LLC acquired a new position in shares of Netflix during the fourth quarter worth about $158,000. NRI Wealth Management LC purchased a new stake in Netflix in the 4th quarter valued at $3,172,000. GAMMA Investing LLC boosted its stake in shares of Netflix by 13.2% during the fourth quarter. GAMMA Investing LLC now owns 8,060 shares of the Internet television network’s stock worth $7,184,000 after buying an additional 941 shares during the period. Versant Capital Management Inc lifted its position in Netflix by 41.9% during the 4th quarter. Versant Capital Management Inc now owns 664 shares of the Internet television network’s stock worth $592,000 after acquiring an additional 196 shares during the period. Finally, Global Wealth Strategies & Associates grew its position in Netflix by 30.6% in the 4th quarter. Global Wealth Strategies & Associates now owns 128 shares of the Internet television network’s stock valued at $114,000 after buying an additional 30 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent analyst reports. China Renaissance assumed coverage on Netflix in a report on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. BMO Capital Markets reissued an “outperform” rating and set a $825.00 price target (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. TD Cowen raised their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Guggenheim raised their price objective on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Evercore ISI boosted their target price on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $813.00.

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 35,262 shares in the company, valued at approximately $25,741,260. This represents a 1.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold 114,893 shares of company stock valued at $93,859,830 over the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX traded up $1.63 on Friday, reaching $888.36. The company’s stock had a trading volume of 1,404,815 shares, compared to its average volume of 1,845,588. The firm’s 50 day moving average is $864.05 and its two-hundred day moving average is $744.71. The stock has a market cap of $379.74 billion, a PE ratio of 50.28, a PEG ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a twelve month low of $466.53 and a twelve month high of $941.75.

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

Netflix 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.