Trust Co. of Vermont Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

Trust Co. of Vermont boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 556 shares of the Internet television network’s stock after purchasing an additional 30 shares during the period. Trust Co. of Vermont’s holdings in Netflix were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Denver PWM LLC purchased a new position in Netflix during the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC boosted its stake in shares of Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the period. Indiana Trust & Investment Management CO grew its holdings in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the last quarter. Proffitt & Goodson Inc. increased its stake in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the period. Finally, AlphaMark Advisors LLC lifted its holdings in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the sale, the chairman now directly owns 57 shares in the company, valued at approximately $35,991.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,043,019.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 25,599 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at approximately $35,991.51. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 225,167 shares of company stock worth $150,492,460. 1.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NFLX shares. KeyCorp raised their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday. Rosenblatt Securities raised their price objective on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday. Citigroup upped their target price on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Sanford C. Bernstein raised their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Jefferies Financial Group upped their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $739.38.

Netflix Price Performance

NASDAQ NFLX opened at $763.89 on Friday. The company has a market cap of $329.24 billion, a price-to-earnings ratio of 53.01, a PEG ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s fifty day moving average price is $696.38 and its 200 day moving average price is $654.66. Netflix, Inc. has a 1 year low of $392.26 and a 1 year high of $766.28.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share 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 business 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 company earned $3.29 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. As a group, equities research analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current 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.