UMB Bank n.a. Has $31.67 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

UMB Bank n.a. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,961 shares of the Internet television network’s stock after selling 841 shares during the period. UMB Bank n.a.’s holdings in Netflix were worth $31,670,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NFLX. GAMMA Investing LLC raised its holdings in Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares in the last quarter. Norges Bank bought a new position in Netflix in the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC increased its position in shares of Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock worth $2,051,016,000 after purchasing an additional 856,307 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network’s stock worth $870,752,000 after purchasing an additional 743,724 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Shares of NFLX stock opened at $1,241.47 on Friday. The business has a fifty day simple moving average of $1,087.80 and a 200 day simple moving average of $988.53. The company has a market cap of $528.33 billion, a P/E ratio of 62.61, a P/E/G ratio of 2.12 and a beta of 1.59. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the previous year, the firm earned $8.28 earnings per share. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the sale, the director now directly owns 79,040 shares in the company, valued at $87,099,708.80. This trade represents a 29.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 1,090 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,390 shares of company stock valued at $170,509,439. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Guggenheim restated a “buy” rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Loop Capital restated a “hold” rating on shares of Netflix in a research note on Monday, March 24th. Macquarie boosted their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Monday, April 21st. Cfra Research raised Netflix to a “strong-buy” rating in a research report on Monday, April 28th. Finally, FBN Securities began coverage on Netflix in a report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,149.91.

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.