Bank Julius Baer & Co. Ltd Zurich Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 32.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 556,217 shares of the Internet television network’s stock after purchasing an additional 136,143 shares during the period. Netflix makes up approximately 1.6% of Bank Julius Baer & Co. Ltd Zurich’s portfolio, making the stock its 15th biggest holding. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.13% of Netflix worth $532,142,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NFLX. Pathway Financial Advisers LLC raised its position in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the period. RPg Family Wealth Advisory LLC acquired a new stake in Netflix during the third quarter worth about $25,000. Newton One Investments LLC purchased a new position in shares of Netflix in the 4th quarter worth about $34,000. Pineridge Advisors LLC lifted its stake in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares in the company, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 288,103 shares of company stock valued at $279,142,041 in the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $891.11 on Friday. The company has a market capitalization of $381.18 billion, a price-to-earnings ratio of 44.94, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The business has a 50 day simple moving average of $950.26 and a 200-day simple moving average of $840.53. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 earnings per share. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on NFLX. Robert W. Baird raised their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Oppenheimer raised their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Bank of America upped their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Arete Research raised Netflix to a “hold” rating in a research report on Thursday, January 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

About Netflix

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.