BNP Paribas Purchases 4,367 Shares of Netflix, Inc. (NASDAQ:NFLX)

BNP Paribas raised its position in Netflix, Inc. (NASDAQ:NFLX) by 72.2% in the third quarter, HoldingsChannel.com reports. The fund owned 10,412 shares of the Internet television network’s stock after purchasing an additional 4,367 shares during the quarter. BNP Paribas’ holdings in Netflix were worth $7,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Netflix by 106.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 81,582 shares of the Internet television network’s stock valued at $57,864,000 after purchasing an additional 42,022 shares during the period. Blueshift Asset Management LLC acquired a new position in Netflix during the third quarter worth approximately $339,000. Soros Capital Management LLC increased its position in Netflix by 31.3% during the third quarter. Soros Capital Management LLC now owns 1,096 shares of the Internet television network’s stock worth $777,000 after buying an additional 261 shares during the last quarter. Freedom Investment Management Inc. raised its stake in Netflix by 1.1% in the third quarter. Freedom Investment Management Inc. now owns 2,804 shares of the Internet television network’s stock valued at $1,989,000 after buying an additional 30 shares during the period. Finally, Cynosure Group LLC lifted its position in shares of Netflix by 98.5% in the third quarter. Cynosure Group LLC now owns 1,211 shares of the Internet television network’s stock valued at $859,000 after buying an additional 601 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction on Monday, November 11th. The stock was 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 185,866 shares of company stock valued at $133,393,921. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $872.60 on Wednesday. The company’s 50 day moving average price is $762.10 and its two-hundred day moving average price is $695.13. The firm has a market capitalization of $373.00 billion, a P/E ratio of 49.38, a P/E/G ratio of 1.67 and a beta of 1.25. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $908.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NFLX shares. Wells Fargo & Company boosted their target price on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Bank of America raised their target price on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Guggenheim increased their price target on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Loop Capital boosted their price objective on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Barclays reissued an “underweight” rating and set a $550.00 price target on shares of Netflix in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $764.82.

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.