Bellecapital International Ltd. Invests $687,000 in Netflix, Inc. (NASDAQ:NFLX)

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Bellecapital International Ltd. purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,374 shares of the Internet television network’s stock, valued at approximately $687,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Engrave Wealth Partners LLC raised its position in shares of Netflix by 65.0% during the 2nd quarter. Engrave Wealth Partners LLC now owns 66 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 26 shares during the last quarter. Motco raised its position in shares of Netflix by 57.1% during the 2nd quarter. Motco now owns 66 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 24 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in shares of Netflix by 688.9% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 71 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares during the last quarter. Northern Oak Wealth Management Inc. raised its position in shares of Netflix by 39.7% during the 1st quarter. Northern Oak Wealth Management Inc. now owns 88 shares of the Internet television network’s stock worth $33,000 after purchasing an additional 25 shares during the last quarter. Finally, Virtus ETF Advisers LLC acquired a new position in shares of Netflix during the 2nd quarter worth about $56,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

A number of analysts have commented on NFLX shares. Societe Generale reiterated a “sell” rating and issued a $270.00 price objective on shares of Netflix in a report on Tuesday, July 21st. CSFB reiterated a “hold” rating and issued a $525.00 price objective on shares of Netflix in a report on Monday, October 5th. Bank of America increased their price objective on shares of Netflix from $575.00 to $670.00 and gave the company a “buy” rating in a report on Friday. Canaccord Genuity increased their price objective on shares of Netflix from $550.00 to $630.00 and gave the company a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $625.00 price objective on shares of Netflix in a report on Tuesday, September 22nd. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and an average price target of $514.80.

Shares of NFLX traded down $11.15 during midday trading on Friday, reaching $530.79. The stock had a trading volume of 6,347,363 shares, compared to its average volume of 7,479,434. Netflix, Inc. has a 1-year low of $265.80 and a 1-year high of $575.37. The company’s fifty day simple moving average is $507.55 and its two-hundred day simple moving average is $463.66. The company has a market cap of $234.09 billion, a price-to-earnings ratio of 89.51, a PEG ratio of 2.87 and a beta of 0.95. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.12 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 16th. The Internet television network reported $1.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.22). Netflix had a net margin of 11.85% and a return on equity of 33.32%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.08 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. On average, sell-side analysts forecast that Netflix, Inc. will post 6.27 earnings per share for the current year.

In other news, CEO Reed Hastings sold 43,239 shares of the business’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $494.83, for a total value of $21,395,954.37. Following the completion of the sale, the chief executive officer now directly owns 43,239 shares of the company’s stock, valued at approximately $21,395,954.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan E. Rice sold 1,337 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $508.68, for a total value of $680,105.16. Following the completion of the sale, the director now directly owns 218 shares of the company’s stock, valued at $110,892.24. The disclosure for this sale can be found here. Insiders sold a total of 198,544 shares of company stock worth $97,503,985 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Netflix Company Profile

Netflix, Inc provides subscription streaming entertainment service. 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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