Emprise Bank Sells 11 Shares of Netflix, Inc. (NASDAQ:NFLX)

Emprise Bank reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 513 shares of the Internet television network’s stock after selling 11 shares during the quarter. Emprise Bank’s holdings in Netflix were worth $478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its position in Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock worth $1,227,468,000 after purchasing an additional 110,432 shares during the period. PharVision Advisers LLC bought a new position in Netflix in the fourth quarter worth $873,000. First National Trust Co lifted its holdings in shares of Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after acquiring an additional 12 shares during the period. Haven Private LLC bought a new position in shares of Netflix during the fourth quarter valued at $733,000. Finally, Sigma Planning Corp lifted its holdings in shares of Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after acquiring an additional 386 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 640 shares of Netflix stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $1,194.77, for a total transaction of $764,652.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ann Mather sold 1,358 shares of Netflix stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,348 shares of company stock worth $139,087,908. 1.37% of the stock is currently owned by company insiders.

Netflix Price Performance

Shares of NFLX stock opened at $1,208.55 on Thursday. The firm has a market cap of $514.32 billion, a price-to-earnings ratio of 60.95, a PEG ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,215.91. The stock has a 50-day moving average price of $1,050.92 and a 200 day moving average price of $969.04. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the previous year, the company earned $8.28 EPS. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on NFLX shares. Moffett Nathanson reissued a “buy” rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. FBN Securities started coverage on Netflix in a report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price objective for the company. Citigroup reissued a “neutral” rating on shares of Netflix in a report on Monday, May 5th. Loop Capital reissued a “hold” rating on shares of Netflix in a report on Monday, March 24th. Finally, Piper Sandler set a $1,150.00 price objective on Netflix and gave the company an “overweight” rating in a report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,102.79.

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.