Bank Julius Baer & Co. Ltd Zurich Trims Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Bank Julius Baer & Co. Ltd Zurich lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,951 shares of the Internet television network’s stock after selling 2,286 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Netflix were worth $7,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Authentikos Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at about $25,000. Spartan Planning & Wealth Management purchased a new position in Netflix during the third quarter worth about $26,000. Carmel Capital Partners LLC raised its stake in Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the period. Blue Bell Private Wealth Management LLC raised its stake in Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares during the period. Finally, Pacifica Partners Inc. purchased a new position in Netflix during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. Canaccord Genuity Group reissued a “hold” rating and issued a $585.00 price target (down from $720.00) on shares of Netflix in a research note on Friday, April 19th. Morgan Stanley boosted their price target on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Bank of America boosted their price target on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Benchmark reiterated a “sell” rating and set a $440.00 price target on shares of Netflix in a report on Thursday, April 18th. Finally, Loop Capital boosted their price target on shares of Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Netflix Trading Down 0.6 %

NFLX stock traded down $3.57 during midday trading on Friday, reaching $561.23. 4,328,174 shares of the company’s stock traded hands, compared to its average volume of 4,516,832. The company has a market capitalization of $241.83 billion, a P/E ratio of 38.86, a PEG ratio of 1.36 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The business has a 50-day moving average price of $604.99 and a two-hundred day moving average price of $518.24.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. Netflix’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.88 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Reed Hastings sold 20,734 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $567.16, for a total transaction of $11,759,495.44. The disclosure for this sale can be found here. Insiders have sold 154,573 shares of company stock valued at $89,548,241 over the last ninety days. Corporate insiders own 2.45% of the company’s stock.

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.