Union Bancaire Privee UBP SA Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Union Bancaire Privee UBP SA bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,283 shares of the Internet television network’s stock, valued at approximately $12,212,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in shares of Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after buying an additional 29,726 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after buying an additional 11,921 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after acquiring an additional 1,684 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Netflix during the third quarter valued at $1,517,000. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. KeyCorp raised their price objective on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a report on Thursday. Robert W. Baird raised their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Finally, Guggenheim upped their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Price Performance

NFLX opened at $977.59 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The company’s 50 day simple moving average is $895.13 and its 200-day simple moving average is $767.55. Netflix, Inc. has a one year low of $542.01 and a one year high of $999.00. The stock has a market capitalization of $417.88 billion, a P/E ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $2.11 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Jay C. Hoag sold 617 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,117 shares of company stock worth $123,913,691. Company insiders own 1.76% of the company’s stock.

Netflix 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.