Trust Co. of Vermont Buys 30 Shares of Netflix, Inc. (NASDAQ:NFLX)

Trust Co. of Vermont raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 556 shares of the Internet television network’s stock after purchasing an additional 30 shares during the quarter. Trust Co. of Vermont’s holdings in Netflix were worth $394,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. RFG Advisory LLC increased its stake in shares of Netflix by 24.7% during the first quarter. RFG Advisory LLC now owns 2,292 shares of the Internet television network’s stock valued at $1,392,000 after buying an additional 454 shares during the period. Meyer Handelman Co. increased its position in Netflix by 0.8% during the 1st quarter. Meyer Handelman Co. now owns 3,358 shares of the Internet television network’s stock valued at $2,039,000 after purchasing an additional 25 shares during the period. Congress Asset Management Co. MA raised its holdings in Netflix by 6.6% in the 1st quarter. Congress Asset Management Co. MA now owns 18,885 shares of the Internet television network’s stock worth $11,469,000 after purchasing an additional 1,174 shares in the last quarter. MJP Associates Inc. ADV purchased a new stake in shares of Netflix in the 1st quarter worth about $360,000. Finally, &PARTNERS boosted its stake in shares of Netflix by 158.2% during the 1st quarter. &PARTNERS now owns 1,379 shares of the Internet television network’s stock valued at $838,000 after purchasing an additional 845 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 11.1 %

NFLX stock opened at $763.89 on Friday. The business’s 50-day moving average is $696.38 and its two-hundred day moving average is $654.66. The company has a market cap of $329.24 billion, a price-to-earnings ratio of 53.01, a P/E/G ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $392.26 and a fifty-two week high of $766.28. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter last year, the firm posted $3.29 earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. As a group, analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NFLX. Wells Fargo & Company increased their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday. The Goldman Sachs Group set a $750.00 target price on Netflix in a research note on Friday. China Renaissance assumed coverage on Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target on the stock. Macquarie reissued an “outperform” rating and set a $795.00 price objective on shares of Netflix in a research report on Friday. Finally, Loop Capital upped their target price on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $739.38.

Insider Activity

In related news, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 225,167 shares of company stock valued at $150,492,460 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Company 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.