Netflix, Inc. (NASDAQ:NFLX) Shares Sold by First Hawaiian Bank

First Hawaiian Bank reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,598 shares of the Internet television network’s stock after selling 756 shares during the period. First Hawaiian Bank’s holdings in Netflix were worth $6,772,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NFLX. Farmers Trust Co. purchased a new position in shares of Netflix during the 4th quarter worth approximately $202,000. Douglas Lane & Associates LLC raised its holdings in shares of Netflix by 17.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 579 shares of the Internet television network’s stock valued at $516,000 after buying an additional 88 shares during the period. Private Client Services LLC acquired a new position in Netflix during the 4th quarter worth about $234,000. Worth Asset Management LLC grew its position in Netflix by 210.3% in the 4th quarter. Worth Asset Management LLC now owns 3,094 shares of the Internet television network’s stock valued at $2,758,000 after acquiring an additional 2,097 shares in the last quarter. Finally, Park National Corp OH acquired a new stake in shares of Netflix during the fourth quarter worth about $217,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on NFLX. Pivotal Research raised their price target on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $825.00 price target (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Macquarie restated an “outperform” rating and set a $795.00 target price on shares of Netflix in a research note on Friday, October 18th. KeyCorp increased their price objective on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company increased their price objective on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $824.30.

Insider Buying and Selling at Netflix

In related news, Director Leslie J. Kilgore sold 383 shares of Netflix stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at approximately $25,741,260. This trade represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 150,761 shares of company stock valued at $125,713,484 over the last 90 days. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Down 0.5 %

NASDAQ NFLX traded down $4.19 during mid-day trading on Wednesday, hitting $875.00. The company’s stock had a trading volume of 2,321,169 shares, compared to its average volume of 2,735,585. Netflix, Inc. has a 52-week low of $472.95 and a 52-week high of $941.75. The stock’s fifty day simple moving average is $871.62 and its two-hundred day simple moving average is $749.78. The firm has a market capitalization of $374.03 billion, a P/E ratio of 49.52, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

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

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.