Banque Cantonale Vaudoise Trims Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Banque Cantonale Vaudoise trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 24.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,131 shares of the Internet television network’s stock after selling 1,971 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Netflix were worth $4,348,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NFLX. Fifth Third Wealth Advisors LLC lifted its holdings in Netflix by 13.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 6,918 shares of the Internet television network’s stock worth $4,907,000 after buying an additional 832 shares during the period. BIP Wealth LLC purchased a new position in shares of Netflix during the 3rd quarter worth approximately $260,000. Prospera Financial Services Inc raised its position in shares of Netflix by 112.4% in the 3rd quarter. Prospera Financial Services Inc now owns 16,524 shares of the Internet television network’s stock worth $11,719,000 after acquiring an additional 8,746 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Netflix by 119.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 35,774 shares of the Internet television network’s stock valued at $25,373,000 after purchasing an additional 19,492 shares during the period. Finally, Whalen Wealth Management Inc. boosted its position in shares of Netflix by 47.7% during the third quarter. Whalen Wealth Management Inc. now owns 2,496 shares of the Internet television network’s stock valued at $1,770,000 after purchasing an additional 806 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on NFLX shares. Macquarie reiterated an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a report on Friday, October 18th. BMO Capital Markets reissued an “outperform” rating and set a $825.00 price target (up from $770.00) on shares of Netflix in a research report on Friday, October 18th. Benchmark restated a “sell” rating and issued a $545.00 price objective on shares of Netflix in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised their target price on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $753.45.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. This represents a 25.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,277 shares of company stock worth $132,875,601. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $871.32 on Wednesday. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $874.49. The firm has a market capitalization of $372.45 billion, a price-to-earnings ratio of 49.31, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $743.15 and a 200 day moving average of $685.41.

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

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.