Raiffeisen Bank International AG Invests $6.98 Million in Netflix, Inc. (NASDAQ:NFLX)

Raiffeisen Bank International AG bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,753 shares of the Internet television network's stock, valued at approximately $6,981,000.

Several other large investors have also recently added to or reduced their stakes in the business. West Michigan Advisors LLC increased its position in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after purchasing an additional 10 shares during the period. Warwick Investment Management Inc. grew its holdings in shares of Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares during the last quarter. MRP Capital Investments LLC grew its holdings in shares of Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after acquiring an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC grew its holdings in shares of Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after acquiring an additional 10 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. grew its holdings in shares of Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after acquiring an additional 10 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NFLX has been the topic of a number of recent research reports. FBN Securities initiated coverage on Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price on the stock. Wolfe Research upgraded Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 target price on the stock in a report on Thursday, January 23rd. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an "overweight" rating in a report on Monday, April 21st. Moffett Nathanson reaffirmed a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,093.39.

Netflix Stock Performance

NFLX traded up $13.55 on Friday, hitting $1,191.53. 4,681,460 shares of the stock traded hands, compared to its average volume of 3,764,834. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,196.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $507.08 billion, a PE ratio of 60.09, a P/E/G ratio of 2.12 and a beta of 1.58. The business has a fifty day moving average price of $1,009.34 and a two-hundred day moving average price of $946.93.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the company posted $8.28 earnings per share. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total value of $2,554,312.05. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,624,746.55. This represents a 41.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock worth $138,483,256 over the last three months. Company insiders own 1.76% of the company's stock.

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.