BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 84,329 Shares of Netflix, Inc. (NASDAQ:NFLX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 50.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 250,288 shares of the Internet television network’s stock after buying an additional 84,329 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Netflix were worth $168,914,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Valued Wealth Advisors LLC boosted its holdings in shares of Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the period. VitalStone Financial LLC grew its holdings in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC increased its position in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after buying an additional 62 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of Netflix during the fourth quarter worth $32,000. Finally, Indiana Trust & Investment Management CO lifted its holdings in shares of Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price objective on shares of Netflix in a research note on Friday, July 19th. Macquarie reissued an “outperform” rating and set a $685.00 price target on shares of Netflix in a research report on Tuesday, July 16th. Rosenblatt Securities raised their price objective on Netflix from $554.00 to $635.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. The Goldman Sachs Group upped their target price on Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, Argus raised their price target on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $685.45.

Insiders Place Their Bets

In other news, Director Leslie J. Kilgore sold 1,372 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total value of $966,999.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Leslie J. Kilgore sold 1,372 shares of Netflix stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $704.81, for a total value of $966,999.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 19,943 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $633.58, for a total value of $12,635,485.94. Following the completion of the transaction, the chairman now directly owns 57 shares in the company, valued at $36,114.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,700 shares of company stock worth $98,283,982. 1.76% of the stock is currently owned by insiders.

Netflix Trading Up 1.3 %

NASDAQ:NFLX traded up $8.87 during trading hours on Friday, hitting $701.35. 3,264,875 shares of the company were exchanged, compared to its average volume of 3,828,823. The stock has a market capitalization of $302.28 billion, a price-to-earnings ratio of 48.67, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. Netflix, Inc. has a one year low of $344.73 and a one year high of $711.33. The company has a fifty day simple moving average of $659.04 and a 200 day simple moving average of $629.28. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

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

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.