Zurcher Kantonalbank Zurich Cantonalbank Has $93.36 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,626 shares of the Internet television network’s stock after purchasing an additional 3,941 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Netflix were worth $93,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NFLX. New World Advisors LLC increased its holdings in Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after buying an additional 14 shares during the period. Heartland Bank & Trust Co boosted its position in shares of Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after acquiring an additional 15 shares in the last quarter. Cedrus LLC increased its stake in Netflix by 0.8% in the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after acquiring an additional 15 shares during the last quarter. Capstone Triton Financial Group LLC increased its stake in Netflix by 0.6% in the third quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock valued at $1,717,000 after acquiring an additional 15 shares during the last quarter. Finally, Meritas Wealth Management LLC raised its position in Netflix by 2.9% during the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other Netflix news, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,074 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the transaction, the chairman now owns 85 shares of the company’s stock, valued at $57,878.20. This trade represents a 99.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,866 shares of company stock worth $133,393,921. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

Netflix stock opened at $877.34 on Thursday. The stock has a market cap of $375.03 billion, a P/E ratio of 49.65, a P/E/G ratio of 1.67 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average price is $765.83 and its two-hundred day moving average price is $696.40. Netflix, Inc. has a 52 week low of $445.73 and a 52 week high of $908.00.

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

Analysts Set New Price Targets

NFLX has been the topic of a number of research analyst reports. Needham & Company LLC raised their target price on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a $825.00 price target (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Wells Fargo & Company increased their price objective on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Bank of America lifted their target price on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two equities research 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. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $764.82.

Netflix Company 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.