Edmond DE Rothschild Holding S.A. Acquires 4,594 Shares of Netflix, Inc. (NASDAQ:NFLX)

Edmond DE Rothschild Holding S.A. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 53.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,269 shares of the Internet television network's stock after purchasing an additional 4,594 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Netflix were worth $11,827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC lifted its position in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares in the last quarter. Newton One Investments LLC bought a new position in Netflix in the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC increased its position in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the last quarter. FSA Wealth Management LLC bought a new stake in shares of Netflix during the 3rd quarter worth approximately $38,000. Finally, Princeton Global Asset Management LLC boosted its holdings in shares of Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after buying an additional 16 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Remove Ads

Netflix Trading Down 0.4 %

NFLX stock traded down $4.15 during midday trading on Tuesday, hitting $928.38. The stock had a trading volume of 3,514,962 shares, compared to its average volume of 3,587,057. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $397.12 billion, a P/E ratio of 46.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The business has a fifty day moving average price of $973.23 and a two-hundred day moving average price of $871.15. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping 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 business had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter last year, the firm posted $2.11 earnings per share. The firm's revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard N. Barton sold 6,364 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 35,868 shares of Netflix stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the transaction, the chairman now owns 114 shares of the company's stock, valued at $101,241.12. This represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 288,583 shares of company stock valued at $279,611,567 over the last ninety days. 1.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America upped their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Moffett Nathanson upgraded Netflix from a "neutral" rating to a "buy" rating and upped their price objective for the company from $850.00 to $1,100.00 in a research note on Monday, March 17th. The Goldman Sachs Group lifted their target price on Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Needham & Company LLC increased their price target on Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Finally, Wolfe Research raised shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective for the company in a research report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,021.02.

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.