Vontobel Holding Ltd. Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Vontobel Holding Ltd. grew its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 26.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,556 shares of the Internet television network's stock after acquiring an additional 7,412 shares during the quarter. Vontobel Holding Ltd.'s holdings in Netflix were worth $33,157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NFLX. Brighton Jones LLC increased its stake in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after purchasing an additional 144 shares during the period. Modera Wealth Management LLC increased its position in shares of Netflix by 17.7% during the 4th quarter. Modera Wealth Management LLC now owns 2,070 shares of the Internet television network's stock worth $1,845,000 after purchasing an additional 312 shares during the last quarter. BIP Wealth LLC increased its position in shares of Netflix by 23.8% during the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after purchasing an additional 87 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in Netflix by 0.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 33,820 shares of the Internet television network's stock valued at $30,144,000 after buying an additional 310 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Up 0.8%

Shares of NFLX traded up $10.38 during mid-day trading on Thursday, reaching $1,295.24. The company's stock had a trading volume of 2,006,224 shares, compared to its average volume of 3,761,661. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The stock has a market cap of $551.21 billion, a PE ratio of 61.21, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59. The company's 50 day moving average is $1,200.03 and its 200 day moving average is $1,031.42.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period in the prior year, the company posted $8.28 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NFLX. Guggenheim reiterated a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Evercore ISI reissued an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Finally, Oppenheimer lifted their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,182.58.

Insider Activity

In other Netflix news, Director Ann Mather sold 1,090 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total value of $797,840.80. The disclosure for this sale can be found here. Insiders sold 186,723 shares of company stock worth $223,307,201 over the last three months. Company insiders own 1.37% of the company's stock.

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.