Banque Cantonale Vaudoise Has $4.79 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Banque Cantonale Vaudoise lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 14.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,889 shares of the Internet television network’s stock after selling 1,352 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Netflix were worth $4,791,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NFLX. Norges Bank acquired a new stake in Netflix in the 4th quarter worth about $2,558,598,000. Wellington Management Group LLP raised its position in shares of Netflix by 540.9% in the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock valued at $1,888,503,000 after buying an additional 3,273,592 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after buying an additional 2,061,859 shares in the last quarter. Jennison Associates LLC raised its position in shares of Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after buying an additional 1,573,978 shares in the last quarter. Finally, Winslow Capital Management LLC raised its position in shares of Netflix by 110.4% in the 4th quarter. Winslow Capital Management LLC now owns 888,936 shares of the Internet television network’s stock valued at $432,805,000 after buying an additional 466,389 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at $15,443.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at $15,443.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 268 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The disclosure for this sale can be found here. Insiders sold 69,425 shares of company stock worth $41,919,791 over the last quarter. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NFLX. TD Cowen boosted their target price on shares of Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research report on Monday, April 8th. CICC Research assumed coverage on shares of Netflix in a research report on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price target on shares of Netflix in a report on Monday. Oppenheimer reaffirmed an “outperform” rating and set a $725.00 price target on shares of Netflix in a report on Friday, April 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $713.00 price target (up from $638.00) on shares of Netflix in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $633.53.

Check Out Our Latest Stock Report on Netflix

Netflix Stock Performance

NFLX traded up $1.04 during trading on Friday, hitting $680.07. 1,201,225 shares of the company traded hands, compared to its average volume of 4,000,831. The firm has a market cap of $293.11 billion, a P/E ratio of 47.14, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. The stock’s fifty day moving average is $620.18 and its 200 day moving average is $574.17. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a one year low of $344.73 and a one year high of $689.88.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.88 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Netflix Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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