BNP Paribas Has $11.74 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

BNP Paribas raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 26.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,161 shares of the Internet television network’s stock after acquiring an additional 2,749 shares during the period. BNP Paribas’ holdings in Netflix were worth $11,737,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Netflix in the 4th quarter valued at about $5,019,087,000. Proficio Capital Partners LLC grew its position in Netflix by 123,836.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock valued at $1,716,662,000 after purchasing an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Netflix by 59.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock valued at $2,051,016,000 after buying an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Netflix by 318.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network’s stock worth $870,752,000 after buying an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Netflix by 14.3% during the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network’s stock valued at $4,076,903,000 after buying an additional 570,674 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $1,126.00 price objective on shares of Netflix in a report on Thursday, April 17th. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a report on Thursday, January 23rd. Robert W. Baird raised their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group lifted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Finally, Barclays raised their price target on shares of Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Monday, April 21st. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,084.91.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $994.63, for a total transaction of $421,723.12. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $31,440,254.30. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jay C. Hoag sold 32,515 shares of the company’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the sale, the director now directly owns 79,040 shares in the company, valued at $87,099,708.80. This represents a 29.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 182,759 shares of company stock valued at $186,744,388. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

NFLX opened at $1,156.49 on Friday. The stock has a market cap of $492.17 billion, a PE ratio of 58.32, a P/E/G ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1 year low of $580.25 and a 1 year high of $1,159.44. The stock’s 50 day simple moving average is $968.34 and its 200-day simple moving average is $919.35. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the prior year, the company posted $8.28 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.