Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec raised its position in Netflix, Inc. (NASDAQ:NFLX) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 328,982 shares of the Internet television network’s stock after acquiring an additional 7,127 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.08% of Netflix worth $233,337,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Circle Wealth Management LLC lifted its holdings in shares of Netflix by 26.3% in the 3rd quarter. Circle Wealth Management LLC now owns 7,098 shares of the Internet television network’s stock valued at $5,034,000 after buying an additional 1,480 shares during the period. Captrust Financial Advisors lifted its holdings in Netflix by 6.9% in the third quarter. Captrust Financial Advisors now owns 115,690 shares of the Internet television network’s stock valued at $82,056,000 after acquiring an additional 7,428 shares during the period. Martingale Asset Management L P boosted its position in shares of Netflix by 322.3% during the 3rd quarter. Martingale Asset Management L P now owns 4,438 shares of the Internet television network’s stock worth $3,148,000 after purchasing an additional 3,387 shares in the last quarter. Vinva Investment Management Ltd grew its holdings in shares of Netflix by 13.1% in the 3rd quarter. Vinva Investment Management Ltd now owns 20,855 shares of the Internet television network’s stock worth $14,752,000 after acquiring an additional 2,413 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Netflix by 0.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,807,228 shares of the Internet television network’s stock worth $1,991,083,000 after purchasing an additional 25,060 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NFLX opened at $886.81 on Friday. The stock has a fifty day moving average price of $773.01 and a 200 day moving average price of $699.54. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $908.00. The stock has a market cap of $379.07 billion, a price-to-earnings ratio of 50.19, a PEG ratio of 1.69 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. UBS Group raised their target price on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Evercore ISI boosted their price target on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Wells Fargo & Company raised their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Barclays reaffirmed an “underweight” rating and set a $550.00 target price on shares of Netflix in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $764.82.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the transaction, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This trade represents a 99.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,866 shares of company stock valued at $133,393,921. Insiders own 1.76% of the company’s stock.

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.