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

First Hawaiian Bank boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 136.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,233 shares of the Internet television network’s stock after buying an additional 4,169 shares during the quarter. First Hawaiian Bank’s holdings in Netflix were worth $2,579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NFLX. Bank of New York Mellon Corp lifted its stake in Netflix by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,910,792 shares of the Internet television network’s stock valued at $1,463,144,000 after purchasing an additional 111,054 shares during the last quarter. Brown Advisory Inc. lifted its stake in Netflix by 9.5% in the 3rd quarter. Brown Advisory Inc. now owns 4,850 shares of the Internet television network’s stock valued at $1,815,000 after purchasing an additional 421 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Netflix by 132.6% in the 3rd quarter. Baird Financial Group Inc. now owns 17,125 shares of the Internet television network’s stock valued at $6,520,000 after purchasing an additional 9,764 shares during the last quarter. Advisory Research Inc. lifted its stake in Netflix by 55.4% in the 3rd quarter. Advisory Research Inc. now owns 1,812 shares of the Internet television network’s stock valued at $678,000 after purchasing an additional 646 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Netflix in the 3rd quarter valued at approximately $685,000. Institutional investors own 76.10% of the company’s stock.

NASDAQ:NFLX traded up $2.31 during trading hours on Wednesday, reaching $361.77. The company had a trading volume of 341,712 shares, compared to its average volume of 7,023,976. Netflix, Inc. has a 1-year low of $231.23 and a 1-year high of $423.21. The company has a market capitalization of $152.32 billion, a PE ratio of 134.02, a PEG ratio of 2.92 and a beta of 1.36. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.98.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.19. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same period in the previous year, the company posted $0.64 earnings per share. Netflix’s revenue for the quarter was up 22.2% on a year-over-year basis. Equities research analysts predict that Netflix, Inc. will post 3.98 earnings per share for the current fiscal year.

In other news, CEO Reed Hastings sold 67,907 shares of the company’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $328.17, for a total transaction of $22,285,040.19. Following the completion of the transaction, the chief executive officer now directly owns 67,907 shares of the company’s stock, valued at approximately $22,285,040.19. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Anne M. Sweeney sold 1,649 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $370.00, for a total value of $610,130.00. Following the transaction, the director now directly owns 609 shares of the company’s stock, valued at $225,330. The disclosure for this sale can be found here. Insiders sold 184,381 shares of company stock valued at $64,721,327 over the last three months. 4.29% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on NFLX shares. Barclays dropped their price objective on shares of Netflix from $430.00 to $375.00 and set an “overweight” rating for the company in a research note on Monday, January 7th. Morgan Stanley reissued an “overweight” rating and issued a $430.00 price objective (down previously from $475.00) on shares of Netflix in a research note on Friday, January 11th. SunTrust Banks reaffirmed a “buy” rating and set a $355.00 price target (down previously from $410.00) on shares of Netflix in a research note on Wednesday, January 2nd. Sanford C. Bernstein reaffirmed a “buy” rating and set a $421.00 price target on shares of Netflix in a research note on Wednesday, January 16th. Finally, Macquarie set a $375.00 price target on shares of Netflix and gave the company a “buy” rating in a research note on Friday, January 18th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and an average price target of $383.30.

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About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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