KBC Group NV Has $86.76 Million Position in Netflix, Inc. (NASDAQ:NFLX)

KBC Group NV increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 14.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,321 shares of the Internet television network’s stock after buying an additional 15,126 shares during the period. KBC Group NV’s holdings in Netflix were worth $86,758,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Denver PWM LLC bought a new stake in shares of Netflix in the second quarter worth $25,000. Proffitt & Goodson Inc. grew its position in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. AlphaMark Advisors LLC lifted its stake in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares during the period. Finally, Triad Wealth Partners LLC bought a new stake in Netflix in the second quarter valued at approximately $38,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

NASDAQ NFLX opened at $830.47 on Thursday. The company has a fifty day moving average price of $726.52 and a 200-day moving average price of $675.52. The firm has a market cap of $354.99 billion, a price-to-earnings ratio of 47.00, a PEG ratio of 1.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 1 year low of $445.64 and a 1 year high of $836.99.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, equities research analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Activity

In related news, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $22,127,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 205,084 shares of company stock valued at $146,747,101 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NFLX. UBS Group raised their price target on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Jefferies Financial Group lifted their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Sanford C. Bernstein boosted their target price on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Needham & Company LLC increased their price target on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Guggenheim boosted their price objective on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $748.15.

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.