Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 137.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,774 shares of the Internet television network's stock after acquiring an additional 2,185 shares during the period. Bank Pictet & Cie Europe AG's holdings in Netflix were worth $3,519,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brown Shipley& Co Ltd purchased a new position in Netflix during the fourth quarter worth about $27,000. Transce3nd LLC purchased a new stake in shares of Netflix during the 4th quarter valued at about $32,000. Copia Wealth Management purchased a new stake in shares of Netflix during the 4th quarter valued at about $37,000. Stuart Chaussee & Associates Inc. grew its stake 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 valued at $41,000 after purchasing an additional 45 shares in the last quarter. Finally, NewSquare Capital LLC grew its stake in Netflix by 120.0% during the 4th quarter. NewSquare Capital LLC now owns 55 shares of the Internet television network's stock valued at $49,000 after purchasing an additional 30 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, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the sale, the director now owns 79,040 shares of the company's stock, valued at $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 1,358 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value 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 quarter. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NFLX stock opened at $1,212.15 on Monday. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $515.86 billion, a price-to-earnings ratio of 61.13, a P/E/G ratio of 2.12 and a beta of 1.59. The stock's fifty day simple moving average is $1,120.37 and its 200-day simple moving average is $1,000.96.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays raised their price objective on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. FBN Securities assumed coverage on Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target on the stock. Jefferies Financial Group lifted their target price on Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Wedbush reiterated an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a report on Monday, May 5th. Finally, Benchmark reissued a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,156.73.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.