Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Lifted by Hancock Whitney Corp

Hancock Whitney Corp lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 117.7% in the 2nd quarter, Holdings Channel reports. The fund owned 28,911 shares of the Internet television network’s stock after buying an additional 15,629 shares during the period. Hancock Whitney Corp’s holdings in Netflix were worth $19,512,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Denver PWM LLC acquired a new position in shares of Netflix in the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC grew its position in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares in the last quarter. Proffitt & Goodson Inc. grew its position in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. AlphaMark Advisors LLC increased its stake in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO lifted its position in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock opened at $701.03 on Friday. The firm has a fifty day moving average price of $663.00 and a two-hundred day moving average price of $640.55. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $715.66. The company has a market cap of $302.14 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company posted $3.29 earnings per share. Analysts expect that Netflix, Inc. will post 19.08 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Netflix news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the sale, the director now owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 197,226 shares of company stock valued at $129,858,692. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NFLX. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Citigroup boosted their target price on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Guggenheim raised their price target on Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. China Renaissance assumed coverage on Netflix in a report on Thursday, September 5th. They set a “hold” rating and a $680.00 price target for the company. Finally, Oppenheimer restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $685.29.

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.