Netflix, Inc. $NFLX Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

Key Points

• BNP PARIBAS ASSET MANAGEMENT increased its stake in Netflix by 42.1% in the first quarter, now owning 441,861 shares valued at approximately $412 million.
• Institutional investors collectively own 80.93% of Netflix's stock, with companies like GAMMA Investing and Vanguard Group also significantly increasing their holdings recently.
• Netflix's stock reached a high of $1,341.15 over the past year, demonstrating a 15.9% revenue growth year-over-year, with recent EPS outperforming analyst expectations.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 42.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 441,861 shares of the Internet television network's stock after purchasing an additional 130,946 shares during the period. Netflix comprises about 1.1% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings, making the stock its 11th biggest holding. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.10% of Netflix worth $412,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC grew its holdings 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 valued at $8,239,576,000 after buying an additional 8,827,662 shares in the last quarter. Nuveen LLC acquired a new stake in Netflix during the 1st quarter worth about $2,385,585,000. Goldman Sachs Group Inc. grew its stake in Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after acquiring an additional 1,236,251 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Netflix by 14.3% in the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after purchasing an additional 570,674 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after purchasing an additional 509,255 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,238.95 on Monday. 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 has a 50-day moving average price of $1,231.23 and a 200 day moving average price of $1,103.91. The firm has a market capitalization of $526.46 billion, a PE ratio of 52.79, a price-to-earnings-growth ratio of 2.09 and a beta of 1.59. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. Netflix's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.88 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In related news, insider David A. Hyman sold 424 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares of the company's stock, valued at $36,625,558.70. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. In the last three months, insiders sold 146,307 shares of company stock valued at $179,443,809. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research reports. UBS Group reissued a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Barclays reiterated a "sell" rating and set a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Citigroup restated a "neutral" rating and issued a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Finally, Wolfe Research set a $1,340.00 price target on Netflix and gave the company an "outperform" rating in a report on Friday, May 16th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

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.

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