Swiss National Bank Boosts Stake in Netflix, Inc. (NFLX)
Swiss National Bank lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,592,525 shares of the Internet television network’s stock after buying an additional 3,700 shares during the quarter. Swiss National Bank’s holdings in Netflix were worth $305,701,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Lincoln National Corp raised its stake in Netflix by 7.0% in the 3rd quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after purchasing an additional 268 shares in the last quarter. BB&T Corp raised its stake in Netflix by 20.0% in the 3rd quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after purchasing an additional 642 shares in the last quarter. Mizuho Securities USA LLC acquired a new stake in Netflix in the 3rd quarter worth about $9,793,000. AGF Investments Inc. acquired a new stake in Netflix in the 3rd quarter worth about $60,036,000. Finally, Toronto Dominion Bank raised its stake in Netflix by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 146,001 shares of the Internet television network’s stock worth $21,810,000 after purchasing an additional 29,867 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.
In other Netflix news, insider Jonathan Friedland sold 2,743 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $205.59, for a total transaction of $563,933.37. Following the sale, the insider now directly owns 1,147 shares of the company’s stock, valued at approximately $235,811.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Theodore A. Sarandos sold 163,747 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the sale, the insider now directly owns 23,953 shares in the company, valued at $6,297,483.23. The disclosure for this sale can be found here. Insiders have sold a total of 460,885 shares of company stock worth $105,354,747 over the last three months. Insiders own 4.90% of the company’s stock.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The firm’s revenue was up 32.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS. research analysts anticipate that Netflix, Inc. will post 2.69 earnings per share for the current fiscal year.
Several analysts have weighed in on NFLX shares. MKM Partners lifted their price objective on shares of Netflix from $245.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Bank of America lifted their price objective on shares of Netflix from $225.00 to $199.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Macquarie upgraded shares of Netflix from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $200.00 to $220.00 in a research note on Tuesday, January 2nd. Goldman Sachs Group set a $250.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Finally, Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $219.00 price objective for the company in a research note on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and a consensus price target of $237.39.
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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.
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