Webster Bank N. A. Sells 448 Shares of Netflix, Inc. (NASDAQ:NFLX)

Webster Bank N. A. decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 14.3% during the first quarter, HoldingsChannel.com reports. The firm owned 2,693 shares of the Internet television network’s stock after selling 448 shares during the quarter. Webster Bank N. A.’s holdings in Netflix were worth $1,636,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NFLX. Spartan Planning & Wealth Management bought a new position in Netflix in the 3rd quarter worth about $26,000. VitalStone Financial LLC raised its position in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after buying an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC raised its position in Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after buying an additional 62 shares during the last quarter. Scarborough Advisors LLC purchased a new position in Netflix in the 4th quarter worth about $32,000. Finally, Indiana Trust & Investment Management CO raised its position in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 1.4 %

NFLX traded down $9.46 on Friday, hitting $674.88. The company had a trading volume of 3,412,391 shares, compared to its average volume of 2,746,538. The stock has a fifty day moving average price of $628.93 and a 200-day moving average price of $583.49. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $689.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $290.87 billion, a price-to-earnings ratio of 46.83, a P/E/G ratio of 1.48 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the previous year, the firm earned $2.88 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. Analysts predict that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Macquarie boosted their target price on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Guggenheim raised their target price on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. KeyCorp increased their price objective on shares of Netflix from $705.00 to $707.00 and gave the company an “overweight” rating in a report on Thursday, June 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $633.53.

Insider Transactions at Netflix

In related news, Director Anne M. Sweeney sold 633 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Anne M. Sweeney sold 633 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,425 shares of company stock worth $41,919,791. 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.