Netflix, Inc. (NFLX) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 83,181 shares of the Internet television network’s stock after buying an additional 5,077 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Netflix were worth $15,085,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Netflix by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after buying an additional 789,190 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Netflix by 1.7% in the 2nd quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after buying an additional 423,968 shares during the last quarter. FMR LLC boosted its holdings in shares of Netflix by 12.4% in the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after buying an additional 2,605,731 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Netflix by 14.0% in the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after buying an additional 1,814,056 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Netflix by 5.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock worth $659,809,000 after buying an additional 172,229 shares during the last quarter. 80.32% of the stock is currently owned by institutional investors.

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Several equities research analysts have commented on NFLX shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $215.00 price objective on shares of Netflix in a report on Monday, September 18th. Loop Capital upped their price objective on shares of Netflix from $228.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $210.00 price objective on shares of Netflix in a report on Friday, October 6th. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 price objective on the stock in a report on Thursday, August 10th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirty-two have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $207.20.

In other news, CEO Reed Hastings sold 83,335 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $192.79, for a total transaction of $16,066,154.65. Following the completion of the sale, the chief executive officer now owns 83,335 shares of the company’s stock, valued at $16,066,154.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel David A. Hyman sold 63,378 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $198.90, for a total value of $12,605,884.20. Following the sale, the general counsel now directly owns 43,071 shares of the company’s stock, valued at approximately $8,566,821.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 326,935 shares of company stock valued at $63,034,672. Insiders own 4.90% of the company’s stock.

Shares of Netflix, Inc. (NASDAQ:NFLX) traded up $0.09 during midday trading on Thursday, reaching $196.32. 5,879,771 shares of the company’s stock were exchanged, compared to its average volume of 6,664,596. Netflix, Inc. has a twelve month low of $113.95 and a twelve month high of $204.38. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $84,914.82, a PE ratio of 198.21, a P/E/G ratio of 5.83 and a beta of 1.39.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period last year, the company posted $0.12 EPS. sell-side analysts forecast that Netflix, Inc. will post 1.26 earnings per share for the current year.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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