Heartland Bank & Trust Co Decreases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Heartland Bank & Trust Co lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,708 shares of the Internet television network’s stock after selling 17 shares during the quarter. Netflix makes up about 0.8% of Heartland Bank & Trust Co’s portfolio, making the stock its 24th biggest holding. Heartland Bank & Trust Co’s holdings in Netflix were worth $1,522,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after purchasing an additional 426,740 shares during the last quarter. Geode Capital Management LLC increased its stake in Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after buying an additional 123,029 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares during the last quarter. 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 worth $4,080,522,000 after acquiring an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Netflix by 0.5% during the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after purchasing an additional 23,702 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

NASDAQ NFLX opened at $977.59 on Monday. The company has a market cap of $417.88 billion, a P/E ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The stock has a 50-day moving average of $895.13 and a two-hundred day moving average of $768.18.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 41,601 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the sale, the chairman now owns 85 shares of the company’s stock, valued at $64,435.10. This trade represents a 99.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag sold 617 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock worth $123,913,691 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Oppenheimer boosted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, KeyCorp upped their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

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.