Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 72.1% in the 4th quarter, Holdings Channel reports. The fund owned 7,609 shares of the Internet television network’s stock after purchasing an additional 3,187 shares during the period. J. Safra Sarasin Holding AG’s holdings in Netflix were worth $6,789,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the last quarter. FMR LLC increased its stake in shares of Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock valued at $18,617,081,000 after acquiring an additional 375,234 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock valued at $8,287,823,000 after acquiring an additional 175,596 shares during the last quarter. Norges Bank purchased a new position in shares of Netflix during the 4th quarter worth about $5,019,087,000. Finally, Alliancebernstein L.P. boosted its position in shares of Netflix by 1.6% in the fourth quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock worth $4,582,568,000 after acquiring an additional 82,564 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $3,402,068.52. This trade represents a 41.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on NFLX. Guggenheim reaffirmed a “buy” rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research report on Friday. UBS Group dropped their price objective on Netflix from $1,150.00 to $1,140.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Arete Research upgraded Netflix to a “hold” rating in a report on Thursday, January 23rd. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Wedbush boosted their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Monday. Nine 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 company. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $1,070.65.

Netflix Trading Up 1.5 %

Netflix stock opened at $987.91 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The firm’s 50-day moving average is $954.08 and its 200-day moving average is $896.26. The company has a market cap of $422.59 billion, a P/E ratio of 49.82, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the prior year, the company earned $8.28 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 24.58 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.