Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Indiana Trust & Investment Management Co

Indiana Trust & Investment Management Co decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 70.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82 shares of the Internet television network’s stock after selling 195 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in Netflix were worth $73,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB increased its stake in Netflix by 7.4% during the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in Netflix during the third quarter worth about $816,000. Wesbanco Bank Inc. lifted its holdings in Netflix by 12.0% in the third quarter. Wesbanco Bank Inc. now owns 8,979 shares of the Internet television network’s stock worth $6,369,000 after acquiring an additional 964 shares during the last quarter. Creative Planning boosted its stake in Netflix by 10.8% in the third quarter. Creative Planning now owns 110,551 shares of the Internet television network’s stock valued at $78,410,000 after acquiring an additional 10,782 shares during the period. Finally, Swedbank AB grew its holdings in shares of Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after purchasing an additional 8,024 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Oppenheimer raised their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Morgan Stanley raised their target price on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. TD Cowen upped their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Robert W. Baird lifted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Argus upped their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Trading Down 1.9 %

NASDAQ NFLX opened at $1,008.08 on Wednesday. The firm’s 50 day moving average price is $919.96 and its two-hundred day moving average price is $795.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,032.85. The stock has a market cap of $431.22 billion, a price-to-earnings ratio of 50.84, a PEG ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $12,700,583. This represents a 88.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 303,809 shares of company stock worth $290,374,484 in the last 90 days. Company insiders own 1.76% of the company’s stock.

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.