Oddo BHF Asset Management Sas Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Oddo BHF Asset Management Sas purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, Holdings Channel reports. The firm purchased 30,445 shares of the Internet television network’s stock, valued at approximately $21,594,000. Netflix makes up approximately 1.1% of Oddo BHF Asset Management Sas’ holdings, making the stock its 22nd biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in NFLX. Advisory Resource Group grew its position in Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after buying an additional 12 shares during the period. New World Advisors LLC boosted its stake in Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after acquiring an additional 14 shares during the last quarter. Heartland Bank & Trust Co boosted its stake in Netflix by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after acquiring an additional 15 shares during the last quarter. Cedrus LLC increased its stake in shares of Netflix by 0.8% during the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after purchasing an additional 15 shares during the last quarter. Finally, Capstone Triton Financial Group LLC increased its stake in shares of Netflix by 0.6% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock opened at $925.55 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a one year low of $461.86 and a one year high of $941.75. The business’s 50 day simple moving average is $810.04 and its two-hundred day simple moving average is $717.45. The stock has a market capitalization of $395.64 billion, a P/E ratio of 52.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27.

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

Insider Buying and Selling

In related news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,405 shares of company stock valued at $129,623,487 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent research reports. Rosenblatt Securities raised their target price on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Wolfe Research reissued an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Evercore ISI upped their price objective on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. TD Cowen increased their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Benchmark reissued a “sell” rating and issued a $545.00 price target on shares of Netflix in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $787.85.

Netflix Profile

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.