Compagnie Lombard Odier SCmA Has $52.35 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Compagnie Lombard Odier SCmA cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,135 shares of the Internet television network’s stock after selling 3,665 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Netflix were worth $52,348,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Union Bancaire Privee UBP SA grew its position in Netflix by 89.0% during the first quarter. Union Bancaire Privee UBP SA now owns 26,988 shares of the Internet television network’s stock valued at $24,211,000 after purchasing an additional 12,705 shares in the last quarter. Bellecapital International Ltd. boosted its stake in shares of Netflix by 0.4% during the 1st quarter. Bellecapital International Ltd. now owns 5,812 shares of the Internet television network’s stock valued at $5,420,000 after buying an additional 21 shares during the period. Mogy Joel R Investment Counsel Inc. grew its holdings in shares of Netflix by 9.3% during the 1st quarter. Mogy Joel R Investment Counsel Inc. now owns 25,772 shares of the Internet television network’s stock valued at $24,033,000 after acquiring an additional 2,187 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in shares of Netflix by 37.7% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 1,045 shares of the Internet television network’s stock valued at $974,000 after acquiring an additional 286 shares in the last quarter. Finally, Davis Investment Partners LLC acquired a new position in shares of Netflix in the first quarter worth $264,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 1.4%

NFLX opened at $1,219.88 on Thursday. The company has a market capitalization of $519.15 billion, a P/E ratio of 61.52, a P/E/G ratio of 2.12 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s fifty day moving average price is $1,106.59 and its two-hundred day moving average price is $994.50. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period last year, the firm earned $8.28 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NFLX shares. Guggenheim reissued a “buy” rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Benchmark reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Rosenblatt Securities boosted their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Morgan Stanley increased their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Finally, Wells Fargo & Company lifted their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $1,149.91.

Insider Buying and Selling at Netflix

In related news, insider Cletus R. Willems sold 298 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $35,972,180. This represents a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 1,358 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock worth $210,271,552 over the last three months. Company insiders own 1.37% 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.