Citizens National Bank Trust Department Sells 31 Shares of Netflix, Inc. (NASDAQ:NFLX)

Citizens National Bank Trust Department trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 698 shares of the Internet television network’s stock after selling 31 shares during the period. Citizens National Bank Trust Department’s holdings in Netflix were worth $495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. increased its holdings in Netflix by 3.2% in the 1st quarter. Whittier Trust Co. now owns 4,158 shares of the Internet television network’s stock valued at $2,525,000 after acquiring an additional 129 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Netflix by 53.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 722 shares of the Internet television network’s stock valued at $438,000 after acquiring an additional 251 shares during the last quarter. Smith Salley Wealth Management increased its holdings in Netflix by 3.5% in the 1st quarter. Smith Salley Wealth Management now owns 1,491 shares of the Internet television network’s stock valued at $906,000 after acquiring an additional 51 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in Netflix by 29.6% in the 1st quarter. Proficio Capital Partners LLC now owns 2,002 shares of the Internet television network’s stock valued at $1,216,000 after acquiring an additional 457 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Netflix by 491.0% in the 1st quarter. GSA Capital Partners LLP now owns 5,059 shares of the Internet television network’s stock worth $3,072,000 after buying an additional 4,203 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $756.10 on Monday. Netflix, Inc. has a 52 week low of $417.10 and a 52 week high of $773.00. The stock has a market capitalization of $323.20 billion, a price-to-earnings ratio of 42.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The firm has a 50-day simple moving average of $712.96 and a 200-day simple moving average of $664.70. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Sanford C. Bernstein lifted their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Wolfe Research reissued an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. The Goldman Sachs Group set a $750.00 price target on shares of Netflix in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Wedbush lifted their price target on shares of Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $748.15.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 45,290 shares of the firm’s 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 sale, the chairman now directly owns 85 shares in the company, valued at approximately $60,023.60. 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 accessible through this link. In other Netflix news, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated 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 of the company’s stock, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,810 shares of company stock worth $142,049,542. 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.