Bank Julius Baer & Co. Ltd Zurich Sells 2,286 Shares of Netflix, Inc. (NASDAQ:NFLX)

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,951 shares of the Internet television network’s stock after selling 2,286 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Netflix were worth $7,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Abbrea Capital LLC lifted its position in Netflix by 5.9% in the fourth quarter. Abbrea Capital LLC now owns 1,495 shares of the Internet television network’s stock worth $728,000 after purchasing an additional 83 shares during the period. Syon Capital LLC lifted its position in Netflix by 44.2% in the fourth quarter. Syon Capital LLC now owns 5,860 shares of the Internet television network’s stock worth $2,853,000 after purchasing an additional 1,797 shares during the period. Pittenger & Anderson Inc. lifted its position in Netflix by 164.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,526 shares of the Internet television network’s stock worth $743,000 after purchasing an additional 950 shares during the period. Nadler Financial Group Inc. lifted its position in Netflix by 3.3% in the fourth quarter. Nadler Financial Group Inc. now owns 1,110 shares of the Internet television network’s stock worth $540,000 after purchasing an additional 35 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in Netflix by 1.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 38,688 shares of the Internet television network’s stock worth $18,836,000 after purchasing an additional 667 shares during the period. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,573 shares of company stock worth $89,548,241. Insiders own 2.45% of the company’s stock.

Netflix Trading Down 0.6 %

NFLX stock traded down $3.57 during midday trading on Friday, reaching $561.23. The stock had a trading volume of 4,328,174 shares, compared to its average volume of 4,516,832. The business has a fifty day simple moving average of $604.99 and a two-hundred day simple moving average of $518.24. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a market cap of $241.83 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 1.36 and a beta of 1.22. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same period last year, the company earned $2.88 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. As a group, research analysts expect that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. Wedbush reaffirmed an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research report on Friday, April 19th. Rosenblatt Securities reduced their target price on Netflix from $554.00 to $540.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Macquarie increased their price objective on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Finally, Benchmark reiterated a “sell” rating and set a $440.00 price objective on shares of Netflix in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $630.58.

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.