Swiss National Bank Has $224.764 Million Stake in Netflix, Inc. (NFLX)

Swiss National Bank boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 27.3% during the first quarter, Holdings Channel reports. The firm owned 1,520,625 shares of the Internet television network’s stock after buying an additional 326,500 shares during the period. Swiss National Bank’s holdings in Netflix were worth $224,764,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Clean Yield Group purchased a new stake in shares of Netflix during the first quarter valued at approximately $103,000. Patriot Financial Group Insurance Agency LLC bought a new position in Netflix during the fourth quarter valued at $114,000. Intellectus Partners LLC bought a new position in Netflix during the fourth quarter valued at $117,000. CENTRAL TRUST Co raised its position in Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock valued at $125,000 after buying an additional 682 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised its position in Netflix by 38.7% in the first quarter. Duncker Streett & Co. Inc. now owns 1,075 shares of the Internet television network’s stock valued at $159,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) traded up 1.16% on Friday, hitting $157.50. 2,602,697 shares of the stock were exchanged. The company has a 50-day moving average price of $150.36 and a 200-day moving average price of $136.82. Netflix, Inc. has a 52-week low of $84.50 and a 52-week high of $161.78. The firm has a market cap of $67.88 billion, a PE ratio of 203.75 and a beta of 1.27.

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Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The company’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post $1.04 EPS for the current fiscal year.

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Several research firms have weighed in on NFLX. Loop Capital upped their price objective on shares of Netflix from $162.00 to $172.00 and gave the company an “outperform” rating in a research note on Wednesday, April 19th. Needham & Company LLC reiterated a “hold” rating on shares of Netflix in a research note on Tuesday, April 18th. Robert W. Baird reiterated a “neutral” rating and issued a $138.00 price objective on shares of Netflix in a research note on Monday, April 3rd. FBR & Co reiterated a “hold” rating and issued a $144.00 price objective on shares of Netflix in a research note on Tuesday, April 11th. Finally, Stifel Nicolaus upped their price objective on shares of Netflix from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $146.24.

In related news, insider Tawni Cranz sold 2,135 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $146.49, for a total value of $312,756.15. Following the completion of the sale, the insider now owns 2,135 shares in the company, valued at approximately $312,756.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel David A. Hyman sold 14,021 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $150.00, for a total value of $2,103,150.00. Following the completion of the sale, the general counsel now owns 41,629 shares of the company’s stock, valued at approximately $6,244,350. The disclosure for this sale can be found here. In the last quarter, insiders have sold 368,241 shares of company stock valued at $53,520,038. Corporate insiders own 4.90% of the company’s stock.

Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

5 Day Chart for NASDAQ:NFLX

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