30,445 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 30,445 shares of the Internet television network’s stock, valued at approximately $21,594,000. Netflix accounts for approximately 1.1% of Oddo BHF Asset Management Sas’ investment portfolio, making the stock its 22nd largest holding.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after purchasing an additional 123,029 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the period. International Assets Investment Management LLC increased its holdings in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after buying an additional 23,702 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Down 1.2 %

Netflix stock opened at $925.55 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50-day simple moving average of $810.04 and a 200 day simple moving average of $717.45. The stock has a market capitalization of $395.64 billion, a P/E ratio of 52.38, a PEG ratio of 1.80 and a beta of 1.27. Netflix, Inc. has a 52 week low of $461.86 and a 52 week high of $941.75.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insider Activity

In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,490,250. The trade was a 25.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 165,405 shares of company stock valued at $129,623,487 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NFLX has been the subject of several analyst reports. UBS Group boosted their target price on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Rosenblatt Securities lifted their price target on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Piper Sandler restated an “overweight” rating and issued a $840.00 price objective (up previously from $800.00) on shares of Netflix in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. lifted their target price on Netflix from $850.00 to $1,010.00 and gave the stock an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $787.85.

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.