Coastline Trust Co Has $8.23 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Coastline Trust Co lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,602 shares of the Internet television network’s stock after acquiring an additional 194 shares during the quarter. Netflix accounts for approximately 1.0% of Coastline Trust Co’s holdings, making the stock its 24th largest position. Coastline Trust Co’s holdings in Netflix were worth $8,229,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NFLX. Tocqueville Asset Management L.P. raised its position in shares of Netflix by 17.8% in the 1st quarter. Tocqueville Asset Management L.P. now owns 2,719 shares of the Internet television network’s stock valued at $1,651,000 after buying an additional 411 shares in the last quarter. M&G Plc acquired a new position in shares of Netflix during the first quarter worth $9,682,000. Spirepoint Private Client LLC acquired a new stake in shares of Netflix during the 1st quarter valued at $237,000. Acadian Asset Management LLC increased its holdings in Netflix by 15.6% in the 1st quarter. Acadian Asset Management LLC now owns 22,840 shares of the Internet television network’s stock worth $13,868,000 after purchasing an additional 3,077 shares in the last quarter. Finally, Blue Barn Wealth LLC boosted its stake in shares of Netflix by 5.2% during the first quarter. Blue Barn Wealth LLC now owns 1,287 shares of the Internet television network’s stock valued at $782,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $823.96 on Friday. The stock has a 50 day moving average of $735.77 and a 200 day moving average of $679.56. The company has a market capitalization of $352.21 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 1.60 and a beta of 1.25. Netflix, Inc. has a 12 month low of $445.73 and a 12 month high of $841.00. 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 (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. As a group, sell-side analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on NFLX shares. The Goldman Sachs Group set a $750.00 price objective on shares of Netflix in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company upped their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Jefferies Financial Group raised their price target on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Canaccord Genuity Group upped their price objective on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 1,372 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $704.81, for a total value of $966,999.32. The disclosure for this sale can be found here. Insiders have sold 205,084 shares of company stock valued at $146,747,101 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

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.