Netflix, Inc. (NASDAQ:NFLX) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.0% during the 4th quarter, Holdings Channel reports. The fund owned 7,598 shares of the Internet television network’s stock after selling 756 shares during the period. First Hawaiian Bank’s holdings in Netflix were worth $6,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the third quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new stake in Netflix during the third quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix in the third quarter worth approximately $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. This represents a 24.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares in the company, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 150,761 shares of company stock worth $125,713,484. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NFLX. Canaccord Genuity Group lifted their price target on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Jefferies Financial Group boosted their price target on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Benchmark raised their price objective on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research report on Friday, January 3rd. Bank of America increased their target price on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Netflix from $850.00 to $1,010.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $824.30.

Netflix Price Performance

NFLX stock traded down $4.19 during trading on Wednesday, hitting $875.00. 2,321,169 shares of the stock traded hands, compared to its average volume of 2,735,585. The stock has a market cap of $374.03 billion, a price-to-earnings ratio of 49.52, a P/E/G ratio of 1.77 and a beta of 1.27. The company has a 50 day simple moving average of $871.62 and a 200 day simple moving average of $749.78. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a one year low of $472.95 and a one year high of $941.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Equities analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal 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.