Banque Cantonale Vaudoise Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

Banque Cantonale Vaudoise lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,102 shares of the Internet television network’s stock after acquiring an additional 213 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Netflix were worth $5,468,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NFLX. Valued Wealth Advisors LLC grew its holdings in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares in the last quarter. VitalStone Financial LLC grew its stake in Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC increased its holdings in Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after buying an additional 62 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in Netflix during the fourth quarter valued at approximately $32,000. Finally, Indiana Trust & Investment Management CO lifted its holdings in Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of several research analyst reports. Argus raised their price objective on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Piper Sandler raised their target price on shares of Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a report on Thursday. Wedbush reissued an “outperform” rating and issued a $725.00 price target on shares of Netflix in a report on Monday, May 20th. Finally, Citigroup boosted their price objective on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $685.45.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $701.35 on Friday. The company has a market capitalization of $301.00 billion, a PE ratio of 48.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average of $659.34 and a 200-day moving average of $630.81. Netflix, Inc. has a one year low of $344.73 and a one year high of $711.33.

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

Insider Activity at Netflix

In other news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Netflix news, Chairman Reed Hastings sold 19,943 shares of Netflix stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the completion of the sale, the chairman now owns 57 shares of the company’s stock, valued at approximately $36,114.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,700 shares of company stock worth $98,283,982. 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.