16,364 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Unigestion Holding SA

Unigestion Holding SA bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,364 shares of the Internet television network's stock, valued at approximately $15,256,000.

Several other large investors also recently modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Norges Bank purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC raised its stake in shares of Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after purchasing an additional 856,307 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after buying an additional 743,724 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In other news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $3,402,068.52. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 152,300 shares of company stock valued at $169,146,939 over the last 90 days. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NFLX shares. Wells Fargo & Company upped their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Citigroup restated a "neutral" rating and set a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Rosenblatt Securities upped their target price on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Loop Capital restated a "hold" rating on shares of Netflix in a report on Monday, March 24th. Finally, Wedbush reiterated an "outperform" rating and issued a $1,200.00 price target on shares of Netflix in a report on Monday, May 5th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,149.91.

Netflix Stock Performance

Shares of NFLX stock traded up $21.72 during trading hours on Wednesday, reaching $1,239.66. The company had a trading volume of 2,353,706 shares, compared to its average volume of 3,746,178. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The business has a fifty day moving average price of $1,069.06 and a 200-day moving average price of $980.69. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,242.58. The firm has a market cap of $527.56 billion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the firm posted $8.28 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Company Profile

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.