BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 13,022 Shares of Netflix, Inc. (NASDAQ:NFLX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,310 shares of the Internet television network's stock after acquiring an additional 13,022 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.06% of Netflix worth $186,758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Jennison Associates LLC boosted its holdings in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock worth $4,958,417,000 after buying an additional 316,594 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Netflix by 2.3% during the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network's stock valued at $3,213,825,000 after purchasing an additional 106,756 shares in the last quarter. Legal & General Group Plc lifted its holdings in Netflix by 3.1% during the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network's stock valued at $2,327,738,000 after purchasing an additional 104,332 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Netflix by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 3,281,306 shares of the Internet television network's stock valued at $2,214,488,000 after purchasing an additional 83,762 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NFLX. Evercore ISI upped their target price on shares of Netflix from $750.00 to $775.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Bank of America upped their target price on shares of Netflix from $740.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Morgan Stanley upped their price target on shares of Netflix from $820.00 to $830.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. China Renaissance began coverage on shares of Netflix in a research note on Thursday, September 5th. They set a "hold" rating and a $680.00 price target on the stock. Finally, Pivotal Research upped their price target on shares of Netflix from $925.00 to $1,100.00 and gave the company a "buy" rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $758.76.

Netflix Stock Up 1.4 %

NASDAQ:NFLX opened at $883.85 on Thursday. The company's 50-day simple moving average is $747.20 and its 200-day simple moving average is $686.80. The stock has a market capitalization of $377.81 billion, a P/E ratio of 50.02, a P/E/G ratio of 1.68 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $890.60.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, equities analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Timothy M. Haley sold 647 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,866 shares of company stock valued at $133,393,921. 1.76% of the stock is owned by 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.

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