Stock Yards Bank & Trust Co. increased its position in Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,570 shares of the Internet television network’s stock after buying an additional 30 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Netflix were worth $715,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Netflix in the fourth quarter worth $1,195,984,000. Capital International Investors lifted its holdings in shares of Netflix by 27.3% during the first quarter. Capital International Investors now owns 13,695,433 shares of the Internet television network’s stock valued at $5,142,631,000 after acquiring an additional 2,936,451 shares during the period. Capital Research Global Investors lifted its holdings in shares of Netflix by 7.7% during the fourth quarter. Capital Research Global Investors now owns 38,002,047 shares of the Internet television network’s stock valued at $12,296,322,000 after acquiring an additional 2,713,207 shares during the period. Wellington Management Group LLP increased its stake in shares of Netflix by 181.8% in the first quarter. Wellington Management Group LLP now owns 3,373,506 shares of the Internet television network’s stock valued at $1,266,751,000 after buying an additional 2,176,569 shares in the last quarter. Finally, Capital World Investors increased its position in Netflix by 13.1% in the fourth quarter. Capital World Investors now owns 14,480,179 shares of the Internet television network’s stock worth $4,685,351,000 after purchasing an additional 1,682,813 shares during the period. Hedge funds and other institutional investors own 82.30% of the company’s stock.

In other Netflix news, insider Gregory K. Peters sold 5,047 shares of Netflix stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $425.00, for a total transaction of $2,144,975.00. Following the completion of the sale, the insider now owns 18,137 shares of the company’s stock, valued at $7,708,225. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Reed Hastings sold 57,260 shares of Netflix stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $462.40, for a total value of $26,477,024.00. Following the sale, the chief executive officer now directly owns 57,260 shares of the company’s stock, valued at approximately $26,477,024. The disclosure for this sale can be found here. Insiders have sold 202,346 shares of company stock valued at $92,098,708 in the last three months. 3.40% of the stock is owned by corporate insiders.

Shares of NASDAQ NFLX traded down $0.62 during mid-day trading on Tuesday, hitting $524.88. The company had a trading volume of 15,043,127 shares, compared to its average volume of 6,322,334. The company has a market capitalization of $227.17 billion, a price-to-earnings ratio of 106.25, a P/E/G ratio of 2.84 and a beta of 0.96. Netflix, Inc. has a 1 year low of $252.28 and a 1 year high of $575.37. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.69. The stock’s 50-day moving average price is $450.60 and its 200-day moving average price is $392.94.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, April 21st. The Internet television network reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.64 by ($0.07). The business had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.75 billion. Netflix had a net margin of 10.43% and a return on equity of 30.83%. Netflix’s quarterly revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. As a group, equities research analysts forecast that Netflix, Inc. will post 6.44 earnings per share for the current year.

A number of brokerages have issued reports on NFLX. BMO Capital Markets raised their target price on Netflix from $500.00 to $625.00 and gave the stock an “outperform” rating in a report on Monday. Deutsche Bank boosted their price target on Netflix from $400.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Imperial Capital boosted their price target on Netflix from $485.00 to $489.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Benchmark boosted their price target on Netflix from $340.00 to $397.00 and gave the stock a “sell” rating in a research report on Monday. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $535.00 price target (up previously from $480.00) on shares of Netflix in a research report on Wednesday, April 22nd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and an average price target of $459.13.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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