Swiss National Bank Reduces Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Swiss National Bank lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,423,325 shares of the Internet television network’s stock after selling 32,200 shares during the quarter. Netflix accounts for 0.6% of Swiss National Bank’s portfolio, making the stock its 29th largest position. Swiss National Bank’s holdings in Netflix were worth $522,816,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Nelson Roberts Investment Advisors LLC lifted its holdings in shares of Netflix by 600.0% in the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock valued at $31,000 after buying an additional 72 shares during the period. TCG Advisors LP acquired a new position in shares of Netflix in the 1st quarter valued at about $36,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $44,000. SevenBridge Financial Group LLC lifted its holdings in shares of Netflix by 66.7% in the 2nd quarter. SevenBridge Financial Group LLC now owns 125 shares of the Internet television network’s stock valued at $46,000 after buying an additional 50 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Netflix by 182.0% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 141 shares of the Internet television network’s stock valued at $50,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 76.94% of the company’s stock.

In other news, Director Bradford L. Smith acquired 6,499 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $308.49 per share, for a total transaction of $2,004,876.51. Following the purchase, the director now owns 799 shares in the company, valued at $246,483.51. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Reed Hastings sold 57,414 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $348.88, for a total value of $20,030,596.32. Following the sale, the chief executive officer now owns 57,414 shares of the company’s stock, valued at $20,030,596.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,862 shares of company stock valued at $56,966,404. 4.29% of the stock is owned by company insiders.

NASDAQ:NFLX traded up $6.65 during trading hours on Friday, hitting $302.41. 322,331 shares of the stock were exchanged, compared to its average volume of 9,999,206. Netflix, Inc. has a 52-week low of $231.23 and a 52-week high of $386.80. The firm’s fifty day moving average price is $340.56 and its 200 day moving average price is $354.07. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.06. The company has a market cap of $136.73 billion, a P/E ratio of 112.92, a P/E/G ratio of 3.17 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.93 billion. During the same period in the previous year, the business earned $0.85 EPS. Netflix’s quarterly revenue was up 26.0% on a year-over-year basis. Equities analysts expect that Netflix, Inc. will post 3.28 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Netflix in a report on Friday, July 19th. Royal Bank of Canada set a $480.00 price objective on Netflix and gave the company a “buy” rating in a report on Thursday, April 18th. UBS Group reissued a “buy” rating and issued a $420.00 price objective on shares of Netflix in a report on Thursday, April 18th. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the company from $395.00 to $425.00 in a report on Monday, June 3rd. Finally, Imperial Capital decreased their price objective on Netflix from $463.00 to $458.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. Netflix currently has a consensus rating of “Buy” and an average target price of $390.47.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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