Zions Bancorporation N.A. Has $9.44 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Zions Bancorporation N.A. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,304 shares of the Internet television network’s stock after acquiring an additional 1,159 shares during the quarter. Netflix makes up approximately 0.7% of Zions Bancorporation N.A.’s holdings, making the stock its 16th largest holding. Zions Bancorporation N.A.’s holdings in Netflix were worth $9,436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NFLX. Denver PWM LLC acquired a new position in shares of Netflix in the 2nd quarter worth approximately $25,000. Proffitt & Goodson Inc. lifted its holdings in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new position in Netflix during the 2nd quarter worth $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 1,372 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total transaction of $966,999.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, Director Leslie J. Kilgore sold 1,372 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total transaction of $966,999.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $22,127,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 205,084 shares of company stock worth $146,747,101. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Citigroup upped their price objective on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Oppenheimer upped their price objective on Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. The Goldman Sachs Group set a $750.00 price objective on Netflix in a report on Friday, October 18th. Finally, China Renaissance began coverage on Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Netflix Price Performance

NFLX stock opened at $830.47 on Thursday. The stock has a 50-day moving average price of $729.53 and a two-hundred day moving average price of $676.61. The stock has a market cap of $354.99 billion, a PE ratio of 47.00, a price-to-earnings-growth ratio of 1.58 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1 year low of $445.64 and a 1 year high of $836.99.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Equities analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

About Netflix

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.