Compagnie Lombard Odier SCmA Sells 3,665 Shares of Netflix, Inc. (NASDAQ:NFLX)

Compagnie Lombard Odier SCmA lessened its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,135 shares of the Internet television network's stock after selling 3,665 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Netflix were worth $52,348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its stake in shares of Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after buying an additional 110,432 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of Netflix during the fourth quarter valued at about $873,000. First National Trust Co grew its stake in shares of Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after buying an additional 12 shares during the last quarter. Haven Private LLC bought a new position in shares of Netflix during the fourth quarter valued at about $733,000. Finally, Sigma Planning Corp grew its stake in shares of Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after buying an additional 386 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Stock Down 0.2%

Shares of NASDAQ NFLX traded down $2.88 on Friday, reaching $1,212.15. 2,209,188 shares of the company's stock traded hands, compared to its average volume of 3,761,170. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The business's 50 day simple moving average is $1,120.37 and its two-hundred day simple moving average is $1,000.96. The company has a market cap of $515.86 billion, a price-to-earnings ratio of 61.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

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

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 1,358 shares of Netflix stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock valued at $210,271,552 over the last 90 days. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NFLX. Robert W. Baird raised their price objective on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Loop Capital reiterated a "hold" rating on shares of Netflix in a report on Monday, March 24th. KeyCorp increased their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. UBS Group increased their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Guggenheim reiterated a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,156.73.

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.