Candriam S.C.A. Purchases 5,374 Shares of Netflix, Inc. (NASDAQ:NFLX)

Candriam S.C.A. lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 12.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,059 shares of the Internet television network’s stock after purchasing an additional 5,374 shares during the quarter. Candriam S.C.A.’s holdings in Netflix were worth $33,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. Norges Bank bought a new position in Netflix in the 4th quarter worth about $2,558,598,000. Wellington Management Group LLP increased its position in shares of Netflix by 540.9% in the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares during the last quarter. GQG Partners LLC bought a new position in shares of Netflix in the first quarter worth approximately $1,450,476,000. Jennison Associates LLC raised its stake in Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new stake in Netflix during the first quarter valued at approximately $436,514,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NFLX. Redburn Atlantic increased their price target on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Citigroup raised their price target on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. increased their price objective on Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. KeyCorp increased their price target on shares of Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Finally, Morgan Stanley boosted their price objective on shares of Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $685.29.

Netflix Price Performance

Shares of NFLX stock opened at $665.77 on Friday. The business’s fifty day moving average is $659.89 and its 200 day moving average is $633.82. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market cap of $286.95 billion, a price-to-earnings ratio of 46.20, a PEG ratio of 1.44 and a beta of 1.27. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $711.33.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the prior year, the firm earned $3.29 EPS. The company’s revenue was up 16.8% compared to the same quarter last year. Research analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Jay C. Hoag sold 37,675 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,831 shares of company stock valued at $102,721,884. Corporate insiders own 1.76% of the company’s stock.

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.