Banque Cantonale Vaudoise Cuts Stake in Netflix, Inc. (NASDAQ:NFLX)

Banque Cantonale Vaudoise lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 24.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,131 shares of the Internet television network’s stock after selling 1,971 shares during the period. Banque Cantonale Vaudoise’s holdings in Netflix were worth $4,348,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NFLX. Denver PWM LLC purchased a new position in shares of Netflix during the 2nd quarter valued at $25,000. Proffitt & Goodson Inc. lifted its holdings in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. AlphaMark Advisors LLC increased its stake in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix in the third quarter valued at approximately $37,000. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction on 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 sale, the chairman now owns 85 shares of the company’s stock, valued at $57,878.20. This trade represents a 99.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,277 shares of company stock worth $132,875,601. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $871.32 on Wednesday. The firm has a market cap of $372.45 billion, a price-to-earnings ratio of 49.31, a PEG ratio of 1.59 and a beta of 1.25. The company has a 50-day simple moving average of $743.15 and a two-hundred day simple moving average of $685.41. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $874.49.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, equities analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Analysts Set New Price Targets

NFLX has been the subject of several analyst reports. Macquarie reaffirmed an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a report on Friday, October 18th. China Renaissance initiated coverage on Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target for the company. Bank of America increased their price objective on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Guggenheim raised their target price on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Finally, Evercore ISI upped their price target on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $753.45.

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.