Lazard Freres Gestion S.A.S. Buys 2,000 Shares of Netflix, Inc. (NASDAQ:NFLX)

Lazard Freres Gestion S.A.S. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 252.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,792 shares of the Internet television network’s stock after buying an additional 2,000 shares during the quarter. Lazard Freres Gestion S.A.S.’s holdings in Netflix were worth $2,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NFLX. Proficio Capital Partners LLC grew its stake in shares of Netflix by 123,836.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock valued at $1,716,662,000 after buying an additional 1,924,423 shares during the last quarter. State Street Corp grew its stake in shares of Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after buying an additional 426,740 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of Netflix by 112,896.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock valued at $340,420,000 after purchasing an additional 381,590 shares during the period. Jennison Associates LLC boosted its holdings in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Netflix in the third quarter valued at approximately $222,871,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on NFLX shares. The Goldman Sachs Group boosted their price target on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Macquarie boosted their price target on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a report on Thursday, January 23rd. Oppenheimer boosted their price target on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $1,014.26.

Insider Activity

In other news, Chairman Reed Hastings sold 30,485 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the sale, the chairman now directly owns 394 shares in the company, valued at $386,876.48. This trade represents a 98.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at $3,624,746.55. This trade represents a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock worth $279,142,041 in the last ninety days. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $919.68 on Thursday. The business’s 50-day moving average is $950.23 and its two-hundred day moving average is $845.78. The company has a market capitalization of $393.40 billion, a P/E ratio of 46.38, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50.

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

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.