Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.7% during the third quarter, Holdings Channel.com reports. The fund owned 2,510 shares of the Internet television network’s stock after selling 124 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Netflix were worth $1,780,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. DigitalBridge Group Inc. lifted its position in shares of Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after acquiring an additional 9,451 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after purchasing an additional 29,726 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Netflix by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after purchasing an additional 11,921 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Netflix during the 3rd quarter worth about $1,517,000. Finally, Voyager Global Management LP grew its holdings in shares of Netflix by 1.0% during the third quarter. Voyager Global Management LP now owns 101,000 shares of the Internet television network’s stock worth $71,636,000 after buying an additional 1,000 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on NFLX. The Goldman Sachs Group set a $750.00 price objective on shares of Netflix in a research note on Friday, October 18th. China Renaissance began coverage on Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price target on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $825.00 price objective (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. KeyCorp upped their target price on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Loop Capital raised their price target on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $787.85.

Insider Activity

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total transaction of $306,020.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,405 shares of company stock worth $129,623,487. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

Shares of NFLX opened at $925.55 on Friday. The firm has a market cap of $395.64 billion, a price-to-earnings ratio of 52.38, a PEG ratio of 1.80 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $805.66 and its two-hundred day moving average is $716.00. Netflix, Inc. has a 52-week low of $461.86 and a 52-week high of $941.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal 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.