Bellecapital International Ltd. Buys 418 Shares of Netflix, Inc. (NASDAQ:NFLX)

Bellecapital International Ltd. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,377 shares of the Internet television network’s stock after acquiring an additional 418 shares during the quarter. Bellecapital International Ltd.’s holdings in Netflix were worth $3,814,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Netflix by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock valued at $22,220,936,000 after buying an additional 149,341 shares during the period. Jennison Associates LLC lifted its holdings in Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after acquiring an additional 929,193 shares in the last quarter. Baillie Gifford & Co. grew its stake in Netflix by 2.3% in the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after acquiring an additional 106,756 shares during the period. Legal & General Group Plc increased its holdings in shares of Netflix by 3.1% in the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock worth $2,327,738,000 after acquiring an additional 104,332 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Netflix by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 3,281,306 shares of the Internet television network’s stock worth $2,214,488,000 after purchasing an additional 83,762 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Needham & Company LLC increased their target price on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company upped their price objective on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday. Pivotal Research increased their price objective on Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday. TD Cowen upped their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price target on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $747.70.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $5.48 during trading on Monday, reaching $758.41. 2,257,065 shares of the company traded hands, compared to its average volume of 3,716,209. The firm has a market capitalization of $326.87 billion, a PE ratio of 52.74, a PEG ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 52 week low of $395.62 and a 52 week high of $769.28. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $696.38 and its two-hundred day moving average is $655.12.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the previous year, the firm posted $3.29 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. As a group, sell-side analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the sale, the chairman now directly owns 85 shares in the company, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $25,741,260. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 225,167 shares of company stock valued at $150,492,460 in the last 90 days. 1.76% of the stock is owned by corporate insiders.

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.