Zions Bancorporation N.A. Acquires 1,159 Shares of Netflix, Inc. (NASDAQ:NFLX)

Zions Bancorporation N.A. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.5% during the 3rd quarter, Holdings Channel reports. The firm owned 13,304 shares of the Internet television network’s stock after purchasing an additional 1,159 shares during the period. Netflix makes up 0.7% of Zions Bancorporation N.A.’s holdings, making the stock its 16th largest holding. Zions Bancorporation N.A.’s holdings in Netflix were worth $9,436,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Leo Wealth LLC increased its stake in Netflix by 31.3% in the first quarter. Leo Wealth LLC now owns 1,321 shares of the Internet television network’s stock valued at $804,000 after acquiring an additional 315 shares during the last quarter. ProVise Management Group LLC bought a new position in Netflix in the first quarter valued at approximately $239,000. Trillium Asset Management LLC increased its stake in Netflix by 15.4% in the first quarter. Trillium Asset Management LLC now owns 35,131 shares of the Internet television network’s stock valued at $21,336,000 after acquiring an additional 4,680 shares during the last quarter. Brighton Jones LLC increased its stake in Netflix by 2.3% in the first quarter. Brighton Jones LLC now owns 10,391 shares of the Internet television network’s stock valued at $6,311,000 after acquiring an additional 237 shares during the last quarter. Finally, Great Lakes Retirement Inc. increased its stake in Netflix by 1.7% in the first quarter. Great Lakes Retirement Inc. now owns 4,268 shares of the Internet television network’s stock valued at $2,592,000 after acquiring an additional 73 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NFLX shares. Barclays reissued an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research note on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $825.00 target price (up previously from $770.00) on shares of Netflix in a research note on Friday, October 18th. Needham & Company LLC boosted their target price on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Bank of America boosted their target price on shares of Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Rosenblatt Securities boosted their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

Insiders Place Their Bets

In other Netflix news, Director Timothy M. Haley sold 647 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Gregory K. Peters sold 4,644 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $3,250,800.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,163,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy M. Haley sold 647 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Insiders have sold 205,084 shares of company stock worth $146,747,101 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $830.47 on Thursday. The stock has a market capitalization of $354.99 billion, a P/E ratio of 47.00, a PEG ratio of 1.58 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $729.53 and its 200 day moving average is $676.61. Netflix, Inc. has a 12 month low of $445.64 and a 12 month high of $836.99.

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 the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. On average, sell-side analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.