Banque Cantonale Vaudoise Lowers Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Banque Cantonale Vaudoise lessened its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 24.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,131 shares of the Internet television network's stock after selling 1,971 shares during the period. Banque Cantonale Vaudoise's holdings in Netflix were worth $4,348,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. LGT Group Foundation purchased a new stake in Netflix in the 1st quarter valued at about $146,000. Fayez Sarofim & Co increased its position in shares of Netflix by 37.4% during the first quarter. Fayez Sarofim & Co now owns 581 shares of the Internet television network's stock valued at $353,000 after acquiring an additional 158 shares during the last quarter. CreativeOne Wealth LLC lifted its holdings in Netflix by 80.1% during the first quarter. CreativeOne Wealth LLC now owns 2,520 shares of the Internet television network's stock worth $1,531,000 after acquiring an additional 1,121 shares during the period. Freestone Capital Holdings LLC boosted its position in Netflix by 3.8% in the first quarter. Freestone Capital Holdings LLC now owns 8,114 shares of the Internet television network's stock worth $4,928,000 after purchasing an additional 295 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its position in shares of Netflix by 23.3% during the 1st quarter. EP Wealth Advisors LLC now owns 11,002 shares of the Internet television network's stock valued at $6,682,000 after purchasing an additional 2,080 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NFLX has been the subject of a number of research analyst reports. Oppenheimer raised their price objective on shares of Netflix from $775.00 to $825.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Netflix from $590.00 to $650.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. BMO Capital Markets reissued an "outperform" rating and set a $825.00 price objective (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Wolfe Research restated an "outperform" rating on shares of Netflix in a research note on Friday, October 18th. Finally, Sanford C. Bernstein upped their price target on Netflix from $625.00 to $780.00 and gave the company a "market perform" rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $758.76.

Insider Activity at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 185,866 shares of company stock valued at $133,393,921 over the last 90 days. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX traded up $12.53 during midday trading on Wednesday, reaching $883.85. 4,088,428 shares of the company were exchanged, compared to its average volume of 3,663,830. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market cap of $377.81 billion, a PE ratio of 50.02, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. The business's fifty day moving average is $747.20 and its two-hundred day moving average is $686.80. Netflix, Inc. has a one year low of $445.73 and a one year high of $890.60.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts' consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, analysts predict that Netflix, Inc. will post 19.78 earnings per share 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.