First County Bank CT Takes $233,000 Position in Netflix, Inc. (NASDAQ:NFLX)

First County Bank CT acquired a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 261 shares of the Internet television network’s stock, valued at approximately $233,000.

Other hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake 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 valued at $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Netflix during the 3rd quarter worth $37,000. FSA Wealth Management LLC bought a new position in shares of Netflix in the third quarter worth $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix during the third quarter valued at $40,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Loop Capital downgraded shares of Netflix from a “buy” rating to a “hold” rating and upped their price objective for the stock from $800.00 to $950.00 in a report on Monday, December 16th. Macquarie reiterated an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a report on Friday, October 18th. Barclays reissued an “underweight” rating and set a $550.00 target price on shares of Netflix in a report on Friday, October 18th. Bank of America increased their price target on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Piper Sandler reissued an “overweight” rating and issued a $840.00 price objective (up previously from $800.00) on shares of Netflix in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $821.27.

Insider Activity at Netflix

In related news, Director Leslie J. Kilgore sold 383 shares of Netflix stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. The trade was a 1.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 150,761 shares of company stock valued at $125,713,484. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Down 0.3 %

Netflix stock opened at $879.19 on Wednesday. Netflix, Inc. has a 12 month low of $472.95 and a 12 month high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market cap of $375.82 billion, a P/E ratio of 49.76, a P/E/G ratio of 1.77 and a beta of 1.27. The company’s fifty day simple moving average is $871.62 and its 200-day simple moving average is $749.78.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. As a group, sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal 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.