Trade Report: Today: Swiss National Bank Sold shares of Netflix Inc. (NFLX)

Today: Swiss National Bank Sold shares of Netflix Inc. (NFLX)

Swiss National Bank cut its position in shares of Netflix Inc. (NASDAQ:NFLX) by 1.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 1,186,925 shares of the Internet television network’s stock after selling 13,100 shares during the period. Swiss National Bank owned approximately 0.28% of Netflix worth $116,971,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Capital Research Global Investors boosted its stake in Netflix by 1.5% in the second quarter. Capital Research Global Investors now owns 49,967,802 shares of the Internet television network’s stock worth $4,571,055,000 after buying an additional 761,325 shares during the period. Vanguard Group Inc. boosted its position in Netflix by 2.0% in the second quarter. Vanguard Group Inc. now owns 25,054,115 shares of the Internet television network’s stock valued at $2,291,951,000 after buying an additional 484,692 shares during the last quarter. Baillie Gifford & Co. boosted its position in Netflix by 4.5% in the second quarter. Baillie Gifford & Co. now owns 7,316,440 shares of the Internet television network’s stock valued at $669,307,000 after buying an additional 314,275 shares during the last quarter. Capital World Investors boosted its position in Netflix by 32.4% in the second quarter. Capital World Investors now owns 6,656,926 shares of the Internet television network’s stock valued at $608,976,000 after buying an additional 1,630,881 shares during the last quarter. Finally, Janus Capital Management LLC boosted its position in Netflix by 0.4% in the second quarter. Janus Capital Management LLC now owns 3,194,418 shares of the Internet television network’s stock valued at $292,225,000 after buying an additional 13,777 shares during the last quarter. Institutional investors and hedge funds own 79.48% of the company’s stock.

Netflix Inc. (NASDAQ:NFLX) opened at 117.41 on Monday. The stock has a market capitalization of $50.39 billion, a P/E ratio of 317.32 and a beta of 1.81. Netflix Inc. has a 1-year low of $79.95 and a 1-year high of $133.27. The stock has a 50 day moving average price of $116.99 and a 200-day moving average price of $100.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Netflix had a return on equity of 6.31% and a net margin of 1.99%. The business’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. Equities research analysts expect that Netflix Inc. will post $0.40 EPS for the current year.

NFLX has been the topic of several recent research reports. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $102.90 price objective on the stock in a research report on Tuesday, September 20th. Cantor Fitzgerald reiterated a “buy” rating on shares of Netflix in a research report on Friday, September 9th. FBR & Co restated a “market perform” rating and issued a $90.00 price target on shares of Netflix in a research report on Thursday, September 15th. Wedbush set a $45.00 price target on Netflix and gave the stock a “sell” rating in a research report on Thursday, October 13th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $130.00 price target on shares of Netflix in a research report on Monday, August 29th. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty have assigned a buy rating to the company. Netflix presently has a consensus rating of “Hold” and a consensus price target of $118.48.

In other news, Director Richard N. Barton sold 1,400 shares of the company’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $97.86, for a total transaction of $137,004.00. Following the transaction, the director now directly owns 15,562 shares of the company’s stock, valued at $1,522,897.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 23,728 shares of the company’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $126.14, for a total value of $2,993,049.92. Following the transaction, the director now directly owns 9,576 shares in the company, valued at $1,207,916.64. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.

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