Citizens National Bank Trust Department Lowers Holdings in Netflix, Inc. (NASDAQ:NFLX)

Citizens National Bank Trust Department decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 698 shares of the Internet television network’s stock after selling 31 shares during the quarter. Citizens National Bank Trust Department’s holdings in Netflix were worth $495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Netflix by 0.4% in the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock valued at $22,220,936,000 after purchasing an additional 149,341 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Netflix by 2.3% in the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after purchasing an additional 106,756 shares during the period. Legal & General Group Plc boosted its stake in shares of Netflix by 3.1% in the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock valued at $2,327,738,000 after purchasing an additional 104,332 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Netflix by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 3,281,306 shares of the Internet television network’s stock worth $2,214,488,000 after acquiring an additional 83,762 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NFLX. Wedbush lifted their price target on shares of Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. China Renaissance began coverage on shares of Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target for the company. The Goldman Sachs Group set a $750.00 price target on shares of Netflix in a research note on Friday, October 18th. Macquarie reiterated an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research note on Friday, October 18th. Finally, Wells Fargo & Company lifted their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $748.15.

Insider Activity at Netflix

In related news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares in the company, valued at approximately $185,976. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,810 shares of company stock valued at $142,049,542. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $756.10 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a fifty-two week low of $417.10 and a fifty-two week high of $773.00. The stock has a market cap of $323.20 billion, a PE ratio of 42.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The firm’s fifty day simple moving average is $712.96 and its 200-day simple moving average is $664.70.

Netflix 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.