3,512 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by SSA Swiss Advisors AG

Key Points

• SSA Swiss Advisors AG made a new investment of approximately $3.27 million in Netflix, acquiring 3,512 shares, which represents 1.7% of its portfolio.
• Multiple institutional investors have increased their positions in Netflix, with Baader Bank boosting its holdings by 34.5% during the same quarter.
• Netflix's recent earnings report showed an EPS of $7.19, exceeding estimates and indicating a 15.9% revenue increase year-over-year.

SSA Swiss Advisors AG bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,512 shares of the Internet television network's stock, valued at approximately $3,273,000. Netflix comprises about 1.7% of SSA Swiss Advisors AG's investment portfolio, making the stock its 22nd largest holding.

A number of other large investors have also added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC acquired a new position in Netflix during the 4th quarter valued at approximately $32,000. Copia Wealth Management purchased a new position in shares of Netflix in the fourth quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. raised its holdings in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NFLX shares. KeyCorp upped their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Sanford C. Bernstein raised their price objective on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Finally, Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned 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 Price Performance

Shares of NASDAQ:NFLX traded up $15.46 during midday trading on Wednesday, hitting $1,184.20. The company's stock had a trading volume of 2,908,020 shares, compared to its average volume of 3,752,075. The company has a market cap of $503.20 billion, a P/E ratio of 50.46, a price-to-earnings-growth ratio of 1.97 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. The business's 50 day simple moving average is $1,235.42 and its 200 day simple moving average is $1,077.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

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

Insider Buying and Selling

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 completion of the sale, the director owned 7,969 shares of the company's stock, valued at approximately $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $1,211.67, for a total transaction of $3,151,553.67. Following the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,472,273.97. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 153,408 shares of company stock worth $186,614,540. 1.37% of the stock is currently owned by corporate insiders.

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.