Associated Banc Corp Sells 240 Shares of Netflix, Inc. (NASDAQ:NFLX)

by · The Cerbat Gem

Associated Banc Corp trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,072 shares of the Internet television network’s stock after selling 240 shares during the quarter. Associated Banc Corp’s holdings in Netflix were worth $5,412,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. HMV Wealth Advisors LLC bought a new stake in shares of Netflix during the 4th quarter valued at $346,000. First National Trust Co raised its stake in shares of Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after purchasing an additional 12 shares during the period. Midwest Professional Planners LTD. grew its position in Netflix by 4.7% during the fourth quarter. Midwest Professional Planners LTD. now owns 379 shares of the Internet television network’s stock worth $338,000 after buying an additional 17 shares in the last quarter. Analyst IMS Investment Management Services Ltd. grew its position in Netflix by 22.4% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,310 shares of the Internet television network’s stock worth $1,168,000 after buying an additional 240 shares in the last quarter. Finally, Left Brain Wealth Management LLC grew its position in Netflix by 8.5% during the fourth quarter. Left Brain Wealth Management LLC now owns 11,880 shares of the Internet television network’s stock worth $10,589,000 after buying an additional 930 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 3.1 %

Shares of NASDAQ:NFLX opened at $918.00 on Friday. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The firm has a market capitalization of $392.68 billion, a P/E ratio of 46.29, a P/E/G ratio of 2.12 and a beta of 1.38. The stock has a 50 day moving average price of $951.04 and a 200-day moving average price of $848.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

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

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock worth $279,142,041 in the last 90 days. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of several recent analyst reports. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,014.26.

Get Our Latest Stock Report on NFLX

About Netflix

(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.

Read More

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).