Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 112.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53 shares of the Internet television network’s stock after purchasing an additional 28 shares during the period. Indiana Trust & Investment Management CO’s holdings in Netflix were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dark Forest Capital Management LP increased its position in Netflix by 119.6% during the third quarter. Dark Forest Capital Management LP now owns 1,212 shares of the Internet television network’s stock worth $458,000 after purchasing an additional 660 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Netflix by 12.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,161 shares of the Internet television network’s stock valued at $816,000 after buying an additional 232 shares during the period. Valley National Advisers Inc. increased its holdings in shares of Netflix by 7.1% during the 3rd quarter. Valley National Advisers Inc. now owns 500 shares of the Internet television network’s stock worth $189,000 after buying an additional 33 shares during the last quarter. CWA Asset Management Group LLC raised its position in shares of Netflix by 21.2% during the 3rd quarter. CWA Asset Management Group LLC now owns 1,659 shares of the Internet television network’s stock valued at $626,000 after buying an additional 290 shares during the period. Finally, Night Owl Capital Management LLC lifted its holdings in Netflix by 2.4% in the third quarter. Night Owl Capital Management LLC now owns 31,140 shares of the Internet television network’s stock valued at $11,758,000 after acquiring an additional 731 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. Insiders sold a total of 69,425 shares of company stock valued at $41,919,791 in the last three months. 1.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on NFLX shares. BMO Capital Markets restated an “outperform” rating and issued a $713.00 target price (up previously from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Benchmark boosted their price objective on shares of Netflix from $440.00 to $450.00 and gave the company a “sell” rating in a report on Friday, May 17th. Citigroup increased their target price on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. CICC Research began coverage on shares of Netflix in a research note on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $633.53.

Netflix Stock Performance

Shares of Netflix stock opened at $674.88 on Friday. The firm has a market capitalization of $290.87 billion, a P/E ratio of 46.83, a P/E/G ratio of 1.48 and a beta of 1.26. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $689.88. The firm’s 50 day moving average is $628.93 and its two-hundred day moving average is $583.49.

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

About Netflix

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.