Argent Trust Co Buys 809 Shares of Netflix, Inc. (NASDAQ:NFLX)

by · The Cerbat Gem

Argent Trust Co grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 23.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,225 shares of the Internet television network’s stock after buying an additional 809 shares during the period. Argent Trust Co’s holdings in Netflix were worth $3,766,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Pathway Financial Advisers LLC raised its holdings in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares in the last quarter. Newton One Investments LLC acquired a new stake in shares of Netflix in the 4th quarter valued at $34,000. Pineridge Advisors LLC grew its holdings in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Princeton Global Asset Management LLC increased its position in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after purchasing an additional 16 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in Netflix in the fourth quarter valued at about $43,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Down 2.6 %

Netflix stock opened at $921.17 on Friday. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The firm has a market capitalization of $394.04 billion, a PE ratio of 46.45, a P/E/G ratio of 2.12 and a beta of 1.55. The company’s 50-day moving average is $961.62 and its 200-day moving average is $882.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.11 earnings per share. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $994.63, for a total value of $421,723.12. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $31,440,254.30. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 274,312 shares of company stock valued at $267,919,297 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. UBS Group set a $1,000.00 target price on Netflix in a report on Monday, March 24th. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and raised their price objective for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Piper Sandler reiterated an “overweight” rating and set a $1,100.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Finally, Arete Research upgraded Netflix to a “hold” rating in a research report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,017.31.

Get Our Latest Stock Report on NFLX

Netflix Profile

(Free Report)

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.

Further Reading

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