First Financial Bank Trust Division Has $250,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

First Financial Bank Trust Division trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 371 shares of the Internet television network’s stock after selling 22 shares during the period. First Financial Bank Trust Division’s holdings in Netflix were worth $250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Crumly & Associates Inc. boosted its stake in Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after purchasing an additional 83 shares during the period. Venture Visionary Partners LLC grew its stake in shares of Netflix by 15.4% in the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after acquiring an additional 1,318 shares in the last quarter. Malaga Cove Capital LLC increased its position in Netflix by 25.4% during the fourth quarter. Malaga Cove Capital LLC now owns 1,562 shares of the Internet television network’s stock worth $761,000 after acquiring an additional 316 shares during the period. Legacy Financial Advisors Inc. raised its stake in Netflix by 8.1% in the 4th quarter. Legacy Financial Advisors Inc. now owns 3,793 shares of the Internet television network’s stock worth $1,847,000 after purchasing an additional 284 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in Netflix by 14.5% in the 4th quarter. Aaron Wealth Advisors LLC now owns 1,306 shares of the Internet television network’s stock valued at $636,000 after purchasing an additional 165 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Down 2.5 %

NASDAQ:NFLX traded down $15.09 on Monday, hitting $598.55. The stock had a trading volume of 4,041,050 shares, compared to its average volume of 3,941,016. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $697.49. The firm’s fifty day simple moving average is $656.10 and its two-hundred day simple moving average is $614.70. The stock has a market cap of $256.88 billion, a P/E ratio of 41.52, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the previous year, the firm earned $3.29 EPS. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. Analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total value of $345,777.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Reed Hastings sold 19,943 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the completion of the transaction, the chairman now owns 57 shares of the company’s stock, valued at $36,114.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 564 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. Insiders sold 73,415 shares of company stock worth $47,477,222 over the last quarter. 1.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of analyst reports. Guggenheim boosted their price target on Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Piper Sandler upped their price target on shares of Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Canaccord Genuity Group lowered shares of Netflix from a “buy” rating to a “hold” rating and reduced their price target for the stock from $720.00 to $585.00 in a research report on Friday, April 19th. TD Cowen upped their target price on Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $681.21.

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.