Stock Yards Bank & Trust Co. Has $21.84 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Stock Yards Bank & Trust Co. boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,783 shares of the Internet television network’s stock after purchasing an additional 261 shares during the quarter. Netflix comprises about 1.4% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 26th largest holding. Stock Yards Bank & Trust Co.’s holdings in Netflix were worth $21,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Appleton Partners Inc. MA increased its holdings in Netflix by 2.7% in the third quarter. Appleton Partners Inc. MA now owns 10,409 shares of the Internet television network’s stock valued at $6,353,000 after purchasing an additional 271 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in shares of Netflix by 22.2% in the third quarter. Archford Capital Strategies LLC now owns 1,031 shares of the Internet television network’s stock worth $629,000 after acquiring an additional 187 shares in the last quarter. Capital Asset Advisory Services LLC increased its holdings in shares of Netflix by 42.0% in the third quarter. Capital Asset Advisory Services LLC now owns 1,098 shares of the Internet television network’s stock worth $670,000 after acquiring an additional 325 shares in the last quarter. Columbia Trust Co 01012016 increased its holdings in shares of Netflix by 1.9% in the third quarter. Columbia Trust Co 01012016 now owns 1,462 shares of the Internet television network’s stock worth $893,000 after acquiring an additional 27 shares in the last quarter. Finally, Hollencrest Capital Management increased its holdings in shares of Netflix by 3.8% in the third quarter. Hollencrest Capital Management now owns 1,382 shares of the Internet television network’s stock worth $843,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 79.47% of the company’s stock.

In other Netflix news, CEO Theodore A. Sarandos sold 69,707 shares of Netflix stock in a transaction dated Monday, October 4th. The stock was sold at an average price of $625.00, for a total transaction of $43,566,875.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 809 shares of Netflix stock in a transaction dated Tuesday, September 7th. The stock was sold at an average price of $600.00, for a total value of $485,400.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,820 shares of company stock worth $84,175,491. 3.40% of the stock is currently owned by company insiders.

Several research analysts have recently weighed in on the company. Barclays upped their price objective on Netflix from $625.00 to $675.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 20th. Atlantic Securities upped their price objective on Netflix from $690.00 to $780.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 7th. JP Morgan Cazenove upped their price objective on Netflix from $625.00 to $705.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 8th. Piper Sandler increased their price target on Netflix from $600.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 15th. Finally, Benchmark increased their price target on Netflix from $448.00 to $493.00 and gave the company a “sell” rating in a research report on Wednesday, September 29th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $667.70.

Shares of NFLX traded up $4.23 during midday trading on Thursday, hitting $658.29. The company’s stock had a trading volume of 1,866,081 shares, compared to its average volume of 4,033,469. Netflix, Inc. has a one year low of $478.54 and a one year high of $700.99. The company’s fifty day simple moving average is $640.39 and its two-hundred day simple moving average is $565.57. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $291.59 billion, a price-to-earnings ratio of 59.31, a price-to-earnings-growth ratio of 2.02 and a beta of 0.81.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 18th. The Internet television network reported $3.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.56 by $0.63. Netflix had a return on equity of 38.03% and a net margin of 17.64%. The company had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.48 billion. During the same quarter last year, the company posted $1.74 EPS. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. On average, research analysts predict that Netflix, Inc. will post 10.62 earnings per share for the current year.

About Netflix

Netflix, Inc operates as a streaming entertainment service company. The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting of streaming content to its members in the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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