Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by BNP Paribas

BNP Paribas raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,161 shares of the Internet television network's stock after buying an additional 2,749 shares during the period. BNP Paribas' holdings in Netflix were worth $11,737,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NFLX. Pathway Financial Advisers LLC lifted its position in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares in the last quarter. Transce3nd LLC acquired a new position in Netflix in the 4th quarter worth $32,000. Newton One Investments LLC purchased a new position in Netflix in the 4th quarter valued at about $34,000. Pineridge Advisors LLC grew its stake in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC increased its position in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after acquiring an additional 16 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Netflix news, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 32,067 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $978.39, for a total value of $31,374,032.13. Following the completion of the transaction, the chairman now directly owns 349 shares in the company, valued at $341,458.11. This represents a 98.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 182,759 shares of company stock worth $186,744,388. 1.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Bank of America raised their price objective on Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Pivotal Research lifted their price target on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Oppenheimer reiterated an "outperform" rating and set a $1,200.00 price objective (up from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Wedbush increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,084.91.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,156.49 on Friday. The stock has a market cap of $492.17 billion, a P/E ratio of 58.32, a P/E/G ratio of 2.12 and a beta of 1.55. The firm's 50-day simple moving average is $968.34 and its 200 day simple moving average is $919.35. Netflix, Inc. has a fifty-two week low of $580.25 and a fifty-two week high of $1,159.44. 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 released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping 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 company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the firm earned $8.28 EPS. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

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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