BankPlus Trust Department Invests $402,000 in Netflix, Inc. (NASDAQ:NFLX)

BankPlus Trust Department purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 451 shares of the Internet television network’s stock, valued at approximately $402,000.

A number of other hedge funds have also recently added to or reduced their stakes in NFLX. Quartz Partners LLC raised its holdings in shares of Netflix by 11.5% during the 4th quarter. Quartz Partners LLC now owns 823 shares of the Internet television network’s stock valued at $734,000 after purchasing an additional 85 shares in the last quarter. Wealthstream Advisors Inc. increased its position in Netflix by 3.2% during the fourth quarter. Wealthstream Advisors Inc. now owns 991 shares of the Internet television network’s stock worth $883,000 after buying an additional 31 shares during the last quarter. Crestwood Advisors Group LLC increased its position in Netflix by 6.3% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,217 shares of the Internet television network’s stock worth $2,867,000 after buying an additional 190 shares during the last quarter. IFP Advisors Inc increased its position in Netflix by 20.9% during the fourth quarter. IFP Advisors Inc now owns 4,589 shares of the Internet television network’s stock worth $4,091,000 after buying an additional 792 shares during the last quarter. Finally, J. W. Coons Advisors LLC acquired a new position in Netflix during the fourth quarter worth $205,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 1.5 %

Shares of NFLX opened at $988.47 on Tuesday. The stock has a market cap of $422.82 billion, a price-to-earnings ratio of 49.85, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company has a 50-day moving average price of $941.89 and a two-hundred day moving average price of $823.89.

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

Analysts Set New Price Targets

Several equities analysts have commented on NFLX shares. KeyCorp increased their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Guggenheim increased their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and increased their target price for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Finally, UBS Group increased their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Activity

In other news, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 303,220 shares of company stock worth $289,856,164. Insiders own 1.76% of the company’s stock.

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.