Global Trust Asset Management LLC Invests $54,000 in Netflix, Inc. (NFLX) Stock

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Global Trust Asset Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 200 shares of the Internet television network’s stock, valued at approximately $54,000.

A number of other institutional investors have also recently made changes to their positions in NFLX. Capital International Investors purchased a new position in Netflix during the 3rd quarter worth $1,231,337,000. FMR LLC increased its holdings in shares of Netflix by 6.1% in the 2nd quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after purchasing an additional 1,534,290 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Netflix by 109.2% in the 3rd quarter. SG Americas Securities LLC now owns 89,706 shares of the Internet television network’s stock valued at $33,562,000 after purchasing an additional 1,063,944 shares in the last quarter. Capital World Investors increased its holdings in shares of Netflix by 4.6% in the 3rd quarter. Capital World Investors now owns 10,188,305 shares of the Internet television network’s stock valued at $3,811,751,000 after purchasing an additional 443,510 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Netflix by 3.9% in the 3rd quarter. Jennison Associates LLC now owns 8,806,550 shares of the Internet television network’s stock valued at $3,294,795,000 after purchasing an additional 328,527 shares in the last quarter. Institutional investors own 73.97% of the company’s stock.

In related news, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $337.86, for a total value of $337,860.00. Following the transaction, the chief financial officer now owns 1,000 shares in the company, valued at $337,860. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Reed Hastings sold 63,147 shares of the firm’s stock in a transaction that occurred on Monday, December 24th. The shares were sold at an average price of $241.12, for a total transaction of $15,226,004.64. Following the completion of the transaction, the chief executive officer now owns 63,147 shares in the company, valued at approximately $15,226,004.64. The disclosure for this sale can be found here. Insiders sold 289,664 shares of company stock worth $84,528,831 over the last three months. Corporate insiders own 4.29% of the company’s stock.

NFLX opened at $337.59 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39. Netflix, Inc. has a 1 year low of $216.00 and a 1 year high of $423.21. The company has a market capitalization of $139.53 billion, a P/E ratio of 270.07, a P/E/G ratio of 2.62 and a beta of 1.12.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.21. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 34.0% on a year-over-year basis. As a group, equities research analysts anticipate that Netflix, Inc. will post 2.63 EPS for the current year.

A number of equities analysts have recently issued reports on NFLX shares. MKM Partners increased their price target on shares of Netflix from $395.00 to $415.00 and gave the company a “buy” rating in a report on Friday, November 16th. Royal Bank of Canada increased their price target on shares of Netflix to $450.00 and gave the company an “outperform” rating in a report on Wednesday, October 17th. JPMorgan Chase & Co. increased their price target on shares of Netflix to $450.00 and gave the company an “overweight” rating in a report on Wednesday, October 17th. BidaskClub upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Finally, Pivotal Research increased their price target on shares of Netflix from $435.00 to $480.00 and gave the company a “buy” rating in a report on Wednesday, October 17th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. Netflix presently has a consensus rating of “Buy” and a consensus price target of $365.74.

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Netflix Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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