BNP Paribas Has $7.38 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

BNP Paribas raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 72.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,412 shares of the Internet television network’s stock after buying an additional 4,367 shares during the period. BNP Paribas’ holdings in Netflix were worth $7,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Netflix by 106.2% during 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 in the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Netflix during the third quarter worth $339,000. Soros Capital Management LLC increased its stake in shares of Netflix by 31.3% in the third quarter. Soros Capital Management LLC now owns 1,096 shares of the Internet television network’s stock valued at $777,000 after buying an additional 261 shares in the last quarter. Freedom Investment Management Inc. raised its holdings in shares of 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 last quarter. Finally, Cynosure Group LLC raised its holdings 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.

Netflix Stock Up 0.8 %

Shares of NFLX stock opened at $872.60 on Wednesday. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $908.00. 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 firm has a fifty day moving average of $762.10 and a 200-day moving average of $695.13. The company has a market capitalization of $373.00 billion, a price-to-earnings ratio of 49.38, a P/E/G ratio of 1.67 and a beta of 1.25.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on NFLX. Loop Capital raised their price objective on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. KeyCorp raised their price target on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Pivotal Research boosted their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group increased their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Wedbush restated an “outperform” rating and set a $950.00 target price (up previously from $800.00) on shares of Netflix in a research report on Monday, November 18th. Two 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $764.82.

Insider Activity at Netflix

In other news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction dated 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 available through this link. Also, Chairman Reed Hastings sold 25,074 shares of Netflix stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the completion of the sale, the chairman now directly owns 85 shares in the company, valued at approximately $57,878.20. This represents a 99.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,866 shares of company stock valued at $133,393,921. 1.76% of the stock is owned by 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.