Fifth Third Bancorp Has $75.28 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Fifth Third Bancorp increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,456 shares of the Internet television network’s stock after purchasing an additional 2,351 shares during the period. Fifth Third Bancorp’s holdings in Netflix were worth $75,277,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. DGS Capital Management LLC raised its holdings in shares of Netflix by 3.8% in the 4th quarter. DGS Capital Management LLC now owns 2,004 shares of the Internet television network’s stock worth $1,786,000 after buying an additional 73 shares in the last quarter. Bennett Selby Investments LP grew its position in Netflix by 0.3% in the fourth quarter. Bennett Selby Investments LP now owns 5,679 shares of the Internet television network’s stock valued at $5,062,000 after acquiring an additional 17 shares during the period. Carr Financial Group Corp grew its position in Netflix by 5.4% in the fourth quarter. Carr Financial Group Corp now owns 1,029 shares of the Internet television network’s stock valued at $917,000 after acquiring an additional 53 shares during the period. Gradient Investments LLC raised its stake in Netflix by 4.3% during the fourth quarter. Gradient Investments LLC now owns 25,308 shares of the Internet television network’s stock worth $22,558,000 after acquiring an additional 1,046 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Netflix by 10.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 727 shares of the Internet television network’s stock valued at $648,000 after acquiring an additional 70 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NFLX shares. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a research report on Thursday. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $715.00 to $900.00 in a report on Wednesday. Robert W. Baird increased their target price on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday. The Goldman Sachs Group lifted their price target on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and upped their price target for the stock from $680.00 to $1,494.00 in a research report on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,009.29.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 41,601 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $64,435.10. This trade represents a 99.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,117 shares of company stock valued at $123,913,691. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX opened at $977.59 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00. The stock’s 50 day moving average price is $892.06 and its two-hundred day moving average price is $764.95. The firm has a market capitalization of $417.88 billion, a price-to-earnings ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter last year, the firm posted $2.11 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current year.

Netflix Company 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.