Moody National Bank Trust Division Lowers Stake in Netflix, Inc. (NASDAQ:NFLX)

Moody National Bank Trust Division decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,475 shares of the Internet television network’s stock after selling 183 shares during the quarter. Moody National Bank Trust Division’s holdings in Netflix were worth $3,989,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of 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 valued at $34,000 after buying an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the third quarter worth about $37,000. FSA Wealth Management LLC purchased a new stake in shares of Netflix during the third quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix in the third quarter valued at approximately $40,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Down 0.4 %

Shares of NFLX traded down $3.53 during trading hours on Monday, hitting $834.16. The stock had a trading volume of 1,810,121 shares, compared to its average volume of 2,889,015. The company’s fifty 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 debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $356.57 billion, a P/E ratio of 47.21, a P/E/G ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Equities research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several analyst reports. UBS Group boosted their price target on shares of Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Rosenblatt Securities upped their price objective on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $825.00 price objective (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Finally, Needham & Company LLC lifted their target price on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $832.94.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at $102,212.40. This represents a 99.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is currently owned by corporate insiders.

About Netflix

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.