Banque Cantonale Vaudoise Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in Netflix, purchasing 11,865 shares valued at approximately $11,065,000 during the first quarter.
• Netflix's stock currently has a market cap of $499.12 billion and a price-to-earnings ratio of 50.05, with estimates suggesting earnings per share of $24.58 for the current fiscal year.
• Insider sales have been notable, with Director Reed Hastings selling 26,977 shares recently, reflecting a 98.56% decrease in his ownership of Netflix stock.

Banque Cantonale Vaudoise purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,865 shares of the Internet television network's stock, valued at approximately $11,065,000.

A number of other institutional investors have also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new stake in Netflix during the 4th quarter worth $27,000. Transce3nd LLC acquired a new stake in Netflix during the 4th quarter worth $32,000. Copia Wealth Management acquired a new stake in Netflix during the 4th quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. grew its holdings in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity at Netflix

In related news, Director Bradford L. Smith sold 3,919 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the transaction, the director owned 7,969 shares in the company, valued at approximately $8,959,227.94. This represents a 32.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director owned 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 153,408 shares of company stock worth $186,614,540 in the last quarter. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NFLX. Cfra Research raised shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. The Goldman Sachs Group boosted their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Pivotal Research reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Oppenheimer boosted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Finally, Benchmark reissued a "hold" rating on shares of Netflix in a report on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Stock Performance

Shares of NFLX stock traded down $5.86 on Tuesday, reaching $1,168.74. The stock had a trading volume of 2,747,527 shares, compared to its average volume of 3,864,129. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm's 50-day moving average is $1,235.63 and its two-hundred day moving average is $1,077.14. The firm has a market capitalization of $496.63 billion, a price-to-earnings ratio of 49.80, a P/E/G ratio of 1.98 and a beta of 1.59. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the business earned $4.88 EPS. Netflix's quarterly revenue was up 15.9% on a year-over-year basis. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix 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.