Quintet Private Bank Europe S.A. Buys 128,555 Shares of Netflix, Inc. $NFLX

Quintet Private Bank Europe S.A. raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 50.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 385,704 shares of the Internet television network’s stock after buying an additional 128,555 shares during the period. Netflix makes up about 1.2% of Quintet Private Bank Europe S.A.’s portfolio, making the stock its 20th biggest holding. Quintet Private Bank Europe S.A.’s holdings in Netflix were worth $26,837,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whalen Wealth Management Inc. lifted its stake in Netflix by 5.9% during the 3rd quarter. Whalen Wealth Management Inc. now owns 22,933 shares of the Internet television network’s stock worth $1,596,000 after acquiring an additional 1,286 shares in the last quarter. Puff Wealth Management LLC purchased a new position in Netflix during the 3rd quarter valued at about $201,000. Elevation Wealth Partners LLC grew its position in Netflix by 122.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,001 shares of the Internet television network’s stock valued at $70,000 after acquiring an additional 550 shares in the last quarter. Elm3 Financial Group LLC acquired a new position in Netflix in the 3rd quarter valued at about $416,000. Finally, Canandaigua National Trust Co of Florida purchased a new stake in Netflix during the 3rd quarter worth approximately $640,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Warner Bros.-Paramount merger may give Netflix breathing room. The newly combined media company creates a larger rival, but it also carries roughly $80 billion in debt and faces significant integration and cost-reduction demands. Investors may expect those financial pressures to limit its ability to aggressively fund streaming content. Netflix Gains Breathing Room as a Major Studio Merger Closes
• Positive Sentiment: Netflix reportedly received $2.8 billion from Paramount to abandon its Warner Bros. bid. The payment reinforces Netflix’s financial flexibility and allowed the company to avoid taking on the substantial debt and execution risks associated with the acquisition. Paramount Paid Netflix to Walk Away From Warner Bros. Deal
• Positive Sentiment: Analyst and growth-driver optimism supported the stock. Morgan Stanley maintained an Overweight rating, although it reduced its price target to $80 from $83. Articles point to advertising and other less-appreciated businesses as possible catalysts, while a third-quarter preview describes the shares as attractively valued. Netflix Q3 Preview
• Neutral Sentiment: Disney’s content licensing highlights Netflix’s scale. Disney licensing titles to Netflix suggests traditional media companies continue to view the platform as an important distribution channel, though the arrangements could also increase Netflix’s content expenses. Disney Is Opening the Door to Netflix
• Negative Sentiment: Investors remain concerned about maturing growth and profitability. Netflix’s latest revenue growth was 13.4%, with management expecting further moderation, while rising content and live-sports rights costs could pressure margins. Analysts also cite competition and valuation risks despite the stock’s decline this year. Netflix Stock Plunges Year to Date

Insider Transactions at Netflix

In other Netflix news, Director Richard Barton sold 720 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $75.27, for a total transaction of $54,194.40. Following the completion of the transaction, the director directly owned 2,460 shares in the company, valued at approximately $185,164.20. This trade represents a 22.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Peters sold 27,312 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the transaction, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at approximately $8,893,265.74. This trade represents a 18.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 179,045 shares of company stock worth $13,132,194 in the last 90 days. Insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NFLX shares. CICC Research reduced their price target on Netflix from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Wells Fargo & Company lowered Netflix from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $80.00 to $57.00 in a report on Friday, September 18th. Evercore reaffirmed an “outperform” rating and issued a $110.00 target price (up from $100.00) on shares of Netflix in a report on Monday, September 14th. Sanford C. Bernstein started coverage on shares of Netflix in a research note on Monday, September 28th. They set a “buy” rating for the company. Finally, Morgan Stanley dropped their price target on Netflix from $83.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $94.70.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $1.50 during trading on Thursday, hitting $71.20. 16,379,282 shares of the company were exchanged, compared to its average volume of 42,359,414. The company has a market cap of $296.46 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 0.97 and a beta of 1.62. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $124.86. The firm’s fifty day moving average price is $75.52 and its 200 day moving average price is $81.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. On average, sell-side analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Netflix Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.