Bath Savings Trust Co Acquires 60 Shares of Netflix, Inc. (NASDAQ:NFLX)

Bath Savings Trust Co raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 400 shares of the Internet television network’s stock after purchasing an additional 60 shares during the period. Bath Savings Trust Co’s holdings in Netflix were worth $357,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in 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 worth $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the 3rd quarter valued at about $37,000. FSA Wealth Management LLC bought a new stake in Netflix during the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services purchased a new position in Netflix in the third quarter worth about $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on NFLX. Macquarie reissued an “outperform” rating and issued a $795.00 target price on shares of Netflix in a report on Friday, October 18th. Wedbush reissued an “outperform” rating and issued a $950.00 target price (up previously from $800.00) on shares of Netflix in a research report on Monday, November 18th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Evercore ISI boosted their price objective on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Finally, Sanford C. Bernstein raised their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $821.27.

Netflix Trading Down 0.3 %

NASDAQ NFLX traded down $2.75 during trading hours on Tuesday, hitting $879.04. 1,261,083 shares of the company were exchanged, compared to its average volume of 2,492,636. The stock has a 50-day moving average price of $869.23 and a 200 day moving average price of $748.42. Netflix, Inc. has a 52 week low of $472.95 and a 52 week high of $941.75. The stock has a market cap of $375.75 billion, a PE ratio of 49.75, a price-to-earnings-growth ratio of 1.77 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 (NASDAQ:NFLX) last posted its quarterly earnings data 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 business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. In the last three months, insiders sold 150,761 shares of company stock valued at $125,713,484. Insiders own 1.76% of the company’s stock.

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.