Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 53.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 13,269 shares of the Internet television network's stock after acquiring an additional 4,594 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Netflix were worth $11,827,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB lifted its holdings in shares of Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after purchasing an additional 156,958 shares in the last quarter. First National Trust Co increased its holdings in Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after acquiring an additional 12 shares during the last quarter. Haven Private LLC purchased a new stake in Netflix in the 4th quarter worth about $733,000. Sigma Planning Corp lifted its holdings in Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after purchasing an additional 386 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock valued at $29,751,000 after purchasing an additional 1,684 shares during the period. Institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NFLX shares. Argus boosted their price target on shares of Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Wolfe Research upgraded Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 target price for the company in a research report on Thursday, January 23rd. Wedbush restated an "outperform" rating and issued a $1,150.00 price objective (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Macquarie boosted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,023.74.

Netflix Trading Up 0.9 %

NASDAQ:NFLX traded up $8.47 during midday trading on Thursday, hitting $943.99. 2,990,589 shares of the company traded hands, compared to its average volume of 3,596,752. The firm has a market capitalization of $403.80 billion, a P/E ratio of 47.60, a P/E/G ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The firm's fifty day moving average is $974.03 and its 200-day moving average is $873.22. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the company posted $2.11 EPS. Netflix's quarterly revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares of the company's stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 280,676 shares of company stock worth $273,515,672. 1.76% of the stock is currently owned by company insiders.

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.