Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 89.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,988 shares of the Internet television network’s stock after buying an additional 12,705 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Netflix were worth $24,211,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Bellecapital International Ltd. grew its holdings in shares of Netflix by 0.4% in the first quarter. Bellecapital International Ltd. now owns 5,812 shares of the Internet television network’s stock valued at $5,420,000 after purchasing an additional 21 shares during the period. Mogy Joel R Investment Counsel Inc. lifted its stake in shares of Netflix by 9.3% in the 1st quarter. Mogy Joel R Investment Counsel Inc. now owns 25,772 shares of the Internet television network’s stock valued at $24,033,000 after purchasing an additional 2,187 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its position in shares of Netflix by 37.7% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 1,045 shares of the Internet television network’s stock valued at $974,000 after acquiring an additional 286 shares during the last quarter. Davis Investment Partners LLC purchased a new position in shares of Netflix during the 1st quarter worth approximately $264,000. Finally, Members Wealth LLC raised its position in Netflix by 4.9% in the first quarter. Members Wealth LLC now owns 237 shares of the Internet television network’s stock valued at $221,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at approximately $3,402,068.52. This represents a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the sale, the director now owns 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,140 shares of company stock valued at $210,271,552. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NFLX shares. Oppenheimer reaffirmed an “outperform” rating and issued a $1,200.00 target price (up from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Macquarie lifted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Monday, April 21st. Citigroup reiterated a “neutral” rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Wolfe Research set a $1,340.00 target price on Netflix and gave the stock an “outperform” rating in a research note on Friday, May 16th. Finally, Needham & Company LLC restated a “buy” rating and set a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,149.91.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,219.88 on Thursday. The business has a fifty day simple moving average of $1,106.59 and a 200-day simple moving average of $994.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. The company has a market cap of $519.15 billion, a P/E ratio of 61.52, a P/E/G ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the prior year, the firm posted $8.28 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS 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.