Hancock Whitney Corp Has $2.42 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Hancock Whitney Corp trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,474 shares of the Internet television network’s stock after selling 190 shares during the quarter. Hancock Whitney Corp’s holdings in Netflix were worth $2,419,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in NFLX. Albion Financial Group UT grew its holdings in Netflix by 1.4% during the 4th quarter. Albion Financial Group UT now owns 2,145 shares of the Internet television network’s stock worth $694,000 after acquiring an additional 30 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Netflix by 18.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 200 shares of the Internet television network’s stock worth $65,000 after acquiring an additional 31 shares during the last quarter. Legend Financial Advisors Inc. grew its holdings in Netflix by 1.8% during the 3rd quarter. Legend Financial Advisors Inc. now owns 1,877 shares of the Internet television network’s stock worth $502,000 after acquiring an additional 33 shares during the last quarter. Lenox Wealth Management Inc. grew its holdings in Netflix by 5.4% during the 4th quarter. Lenox Wealth Management Inc. now owns 660 shares of the Internet television network’s stock worth $214,000 after acquiring an additional 34 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in Netflix by 3.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,105 shares of the Internet television network’s stock worth $296,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

NFLX has been the topic of a number of analyst reports. Piper Sandler reaffirmed a “buy” rating and issued a $400.00 price objective on shares of Netflix in a research note on Wednesday, January 22nd. Oppenheimer upped their price objective on shares of Netflix from $385.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Citigroup upped their price objective on shares of Netflix from $325.00 to $350.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. SunTrust Banks reaffirmed a “buy” rating and issued a $402.00 price objective on shares of Netflix in a research note on Tuesday, December 17th. Finally, Needham & Company LLC reaffirmed a “sell” rating on shares of Netflix in a research note on Thursday. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $380.00.

NFLX opened at $380.40 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The company’s fifty day moving average price is $344.03 and its two-hundred day moving average price is $307.67. Netflix, Inc. has a 1-year low of $252.28 and a 1-year high of $385.99. The company has a market cap of $167.36 billion, a price-to-earnings ratio of 92.35, a PEG ratio of 2.10 and a beta of 1.46.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.78. Netflix had a net margin of 9.26% and a return on equity of 28.45%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. The business’s revenue was up 30.6% on a year-over-year basis. As a group, equities analysts forecast that Netflix, Inc. will post 6.06 earnings per share for the current fiscal year.

In other Netflix news, CEO Reed Hastings sold 83,692 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $336.61, for a total transaction of $28,171,564.12. Following the transaction, the chief executive officer now owns 83,692 shares in the company, valued at $28,171,564.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay C. Hoag sold 1,894 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $371.75, for a total transaction of $704,094.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,102 shares of company stock worth $45,886,831. Corporate insiders own 4.29% of the company’s stock.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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