Columbia Trust Co 01012016 Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

Columbia Trust Co 01012016 lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 15.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,566 shares of the Internet television network’s stock after buying an additional 208 shares during the period. Columbia Trust Co 01012016’s holdings in Netflix were worth $762,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Netflix by 13.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 197 shares of the Internet television network’s stock valued at $87,000 after acquiring an additional 24 shares during the period. Tiemann Investment Advisors LLC increased its holdings in shares of Netflix by 2.0% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 1,252 shares of the Internet television network’s stock valued at $551,000 after acquiring an additional 25 shares during the period. Gordian Capital Singapore Pte Ltd increased its holdings in shares of Netflix by 0.3% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 9,821 shares of the Internet television network’s stock valued at $4,326,000 after acquiring an additional 25 shares during the period. Key Financial Inc increased its stake in Netflix by 14.4% in the 3rd quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock valued at $75,000 after buying an additional 25 shares during the period. Finally, Lee Financial Co increased its stake in Netflix by 18.2% in the 3rd quarter. Lee Financial Co now owns 162 shares of the Internet television network’s stock valued at $61,000 after buying an additional 25 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

NFLX traded up $1.78 during trading hours on Tuesday, hitting $629.24. 2,797,931 shares of the stock were exchanged, compared to its average volume of 4,599,772. The stock has a 50-day simple moving average of $576.19 and a 200-day simple moving average of $485.50. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $634.39. The stock has a market cap of $272.31 billion, a price-to-earnings ratio of 52.39, a price-to-earnings-growth ratio of 1.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The firm had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. During the same quarter last year, the business earned $0.12 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. Analysts anticipate that Netflix, Inc. will post 17.01 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Benchmark boosted their price objective on shares of Netflix from $350.00 to $425.00 and gave the company a “sell” rating in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft cut shares of Netflix from a “buy” rating to a “hold” rating and upped their price target for the stock from $460.00 to $525.00 in a research note on Wednesday, January 24th. DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective on the stock in a research report on Thursday, January 25th. Wedbush boosted their price objective on shares of Netflix from $525.00 to $615.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Citigroup boosted their price objective on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $579.85.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 13,655 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,118,342. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, Chairman Reed Hastings sold 25,998 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $470.51, for a total value of $12,232,318.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 13,655 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total value of $7,425,589.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $7,118,342. The disclosure for this sale can be found here. Insiders have sold 273,767 shares of company stock worth $151,298,232 over the last ninety days. 2.45% of the stock is owned by insiders.

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.