Latest Stocks: Netflix, Inc. (NFLX) Shares Bought by Suntrust Banks Inc.

Latest Stocks: Netflix, Inc. (NFLX) Shares Bought by Suntrust Banks Inc.

Suntrust Banks Inc. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,146 shares of the Internet television network’s stock after buying an additional 1,355 shares during the period. Suntrust Banks Inc.’s holdings in Netflix were worth $3,271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Netflix by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 3,651,285 shares of the Internet television network’s stock worth $539,696,000 after buying an additional 10,849 shares during the last quarter. Elkfork Partners LLC boosted its stake in shares of Netflix by 13.5% in the first quarter. Elkfork Partners LLC now owns 9,418 shares of the Internet television network’s stock valued at $1,392,000 after buying an additional 1,122 shares in the last quarter. US Bancorp DE boosted its stake in shares of Netflix by 12.7% in the first quarter. US Bancorp DE now owns 41,191 shares of the Internet television network’s stock valued at $6,088,000 after buying an additional 4,637 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Netflix by 10.2% in the first quarter. Checchi Capital Advisers LLC now owns 3,417 shares of the Internet television network’s stock valued at $505,000 after buying an additional 317 shares in the last quarter. Finally, Girard Partners LTD. boosted its stake in shares of Netflix by 44.4% in the first quarter. Girard Partners LTD. now owns 3,786 shares of the Internet television network’s stock valued at $560,000 after buying an additional 1,165 shares in the last quarter. 80.42% of the stock is owned by institutional investors and hedge funds.

Netflix, Inc. (NFLX) opened at 165.06 on Tuesday. The firm’s 50-day moving average is $155.54 and its 200-day moving average is $140.61. The company has a market cap of $71.14 billion, a price-to-earnings ratio of 213.53 and a beta of 1.27. Netflix, Inc. has a 12 month low of $84.50 and a 12 month high of $165.50.

Several analysts have recently commented on the stock. Wedbush increased their price target on shares of Netflix from $68.00 to $73.00 and gave the company an “underperform” rating in a research note on Tuesday, April 18th. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $138.98 price objective on the stock in a report on Monday, April 17th. Pivotal Research increased their price objective on shares of Netflix from $170.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, April 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $175.00 target price on shares of Netflix in a report on Monday, April 17th. Finally, Cowen and Company increased their target price on shares of Netflix from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, April 11th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $147.59. In related news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $144.85, for a total transaction of $289,700.00. Following the completion of the transaction, the director now directly owns 8,012 shares in the company, valued at approximately $1,160,538.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Tawni Cranz sold 2,135 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $146.49, for a total value of $312,756.15. Following the transaction, the insider now owns 2,135 shares of the company’s stock, valued at $312,756.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 410,518 shares of company stock valued at $61,780,413. Corporate insiders own 4.90% of the company’s stock.

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