UMB Bank n.a. Sells 137 Shares of Netflix, Inc. (NASDAQ:NFLX)

UMB Bank n.a. cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,927 shares of the Internet television network’s stock after selling 137 shares during the quarter. UMB Bank n.a.’s holdings in Netflix were worth $24,773,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. DigitalBridge Group Inc. increased its position in shares of Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after acquiring an additional 9,451 shares in the last quarter. M&G Plc acquired a new position in Netflix in the 1st quarter worth $9,682,000. BSN CAPITAL PARTNERS Ltd increased its holdings in Netflix by 24.4% during the 1st quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after purchasing an additional 49,000 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Netflix by 58.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock valued at $55,968,000 after purchasing an additional 30,511 shares during the period. Finally, Scarborough Advisors LLC bought a new stake in shares of Netflix in the fourth quarter valued at about $9,513,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Shares of Netflix stock traded down $1.62 on Thursday, hitting $725.81. The stock had a trading volume of 717,373 shares, compared to its average volume of 3,646,218. The stock has a market cap of $312.82 billion, a price-to-earnings ratio of 50.37, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The business’s 50 day moving average is $682.31 and its two-hundred day moving average is $649.96. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $731.42.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same period in the prior year, the firm posted $3.29 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Analysts forecast that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction on 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 owns 85 shares in the company, valued at $60,023.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 224,784 shares of company stock valued at $150,212,870. 1.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research reports. Loop Capital increased their price objective on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday. China Renaissance began coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective on the stock. Morgan Stanley increased their target price on shares of Netflix from $780.00 to $820.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Jefferies Financial Group lifted their price target on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $697.35.

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.