Quintet Private Bank Europe S.A. Has $619,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

Quintet Private Bank Europe S.A. trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 695 shares of the Internet television network’s stock after selling 118 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Netflix were worth $619,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NFLX. LGT Group Foundation grew its position in Netflix by 12.6% during the fourth quarter. LGT Group Foundation now owns 14,050 shares of the Internet television network’s stock worth $12,523,000 after buying an additional 1,574 shares in the last quarter. DJE Kapital AG acquired a new position in Netflix in the 4th quarter valued at approximately $73,950,000. Plato Investment Management Ltd lifted its position in shares of Netflix by 4.3% in the 4th quarter. Plato Investment Management Ltd now owns 11,351 shares of the Internet television network’s stock worth $10,154,000 after acquiring an additional 473 shares during the period. Bellecapital International Ltd. grew its holdings in shares of Netflix by 7.7% during the 4th quarter. Bellecapital International Ltd. now owns 5,791 shares of the Internet television network’s stock worth $5,162,000 after purchasing an additional 414 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Netflix during the fourth quarter valued at approximately $9,105,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group raised their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Oppenheimer raised their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. KeyCorp increased their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Loop Capital lifted their price objective on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Up 1.8 %

NASDAQ NFLX opened at $980.56 on Monday. The stock has a market capitalization of $419.44 billion, a P/E ratio of 49.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average of $947.72 and a 200-day moving average of $833.29.

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

Insider Transactions at Netflix

In other news, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 35,868 shares of Netflix stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the sale, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,017 shares of company stock worth $246,653,898 in the last quarter. 1.76% of the stock is owned by company insiders.

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.