Community Bank & Trust Waco Texas Invests $487,000 in Netflix, Inc. (NASDAQ:NFLX)

Community Bank & Trust Waco Texas purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,000 shares of the Internet television network’s stock, valued at approximately $487,000.

Several other large investors have also modified their holdings of the stock. Summit Global Investments raised its position in Netflix by 29.0% in the third quarter. Summit Global Investments now owns 2,064 shares of the Internet television network’s stock worth $779,000 after acquiring an additional 464 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new position in shares of Netflix in the third quarter valued at $337,000. First Affirmative Financial Network increased its position in shares of Netflix by 24.4% in the third quarter. First Affirmative Financial Network now owns 628 shares of the Internet television network’s stock valued at $237,000 after buying an additional 123 shares in the last quarter. Douglas Lane & Associates LLC increased its position in shares of Netflix by 12.5% in the third quarter. Douglas Lane & Associates LLC now owns 559 shares of the Internet television network’s stock valued at $211,000 after buying an additional 62 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its position in shares of Netflix by 5.2% in the third quarter. Capital Investment Advisors LLC now owns 1,284 shares of the Internet television network’s stock valued at $485,000 after buying an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 5,533 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $575.00, for a total value of $3,181,475.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $7,526,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Gregory K. Peters sold 5,533 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $575.00, for a total transaction of $3,181,475.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $7,526,750. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 160,106 shares of company stock worth $92,729,716. 2.45% of the stock is owned by corporate insiders.

Netflix Trading Down 4.1 %

Shares of Netflix stock traded down $23.94 on Wednesday, reaching $553.81. 2,705,205 shares of the company were exchanged, compared to its average volume of 4,492,287. The stock has a fifty day moving average price of $606.05 and a 200-day moving average price of $517.65. The firm has a market capitalization of $238.64 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the previous year, the company posted $2.88 earnings per share. Netflix’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, analysts expect that Netflix, Inc. will post 17.87 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Bank of America increased their price objective on Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Seaport Res Ptn lowered Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. The Goldman Sachs Group raised their price target on Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, UBS Group raised their price target on Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $630.58.

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.