248 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 248 shares of the Internet television network’s stock, valued at approximately $221,000.

Several other institutional investors have also made changes to their positions in NFLX. International Assets Investment Management LLC boosted its holdings in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. Assenagon Asset Management S.A. raised its position in Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after acquiring an additional 642,920 shares in the last quarter. State Street Corp raised its position in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Jennison Associates LLC raised its position in Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in Netflix during the third quarter valued at approximately $222,871,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. This represents a 24.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NFLX. Needham & Company LLC lifted their price target on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Wedbush reissued an “outperform” rating and issued a $950.00 price target (up previously from $800.00) on shares of Netflix in a research report on Monday, November 18th. Citigroup lifted their price target on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. dropped their price target on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, UBS Group lifted their price target on shares of Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $832.94.

Netflix Stock Down 0.3 %

Shares of NASDAQ:NFLX traded down $2.56 during midday trading on Monday, hitting $835.13. The stock had a trading volume of 1,975,322 shares, compared to its average volume of 2,924,376. The business’s 50-day simple moving average is $878.06 and its 200-day simple moving average is $753.78. Netflix, Inc. has a 12 month low of $475.26 and a 12 month high of $941.75. The company has a market cap of $356.98 billion, a P/E ratio of 47.26, a PEG 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 released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, sell-side analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.