Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,303,103 shares of the Internet television network's stock after acquiring an additional 63,534 shares during the quarter. Deutsche Bank AG owned 0.30% of Netflix worth $1,161,482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NFLX. Pathway Financial Advisers LLC raised its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Transce3nd LLC purchased a new stake in shares of Netflix in the fourth quarter valued at $32,000. Newton One Investments LLC purchased a new stake in shares of Netflix in the fourth quarter valued at $34,000. Pineridge Advisors LLC boosted its stake in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its position in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Down 0.4 %

Shares of NFLX traded down $4.62 during trading on Friday, reaching $1,139.81. The company's stock had a trading volume of 2,565,837 shares, compared to its average volume of 3,735,715. The company has a market cap of $485.07 billion, a price-to-earnings ratio of 57.48, a P/E/G ratio of 2.12 and a beta of 1.58. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $984.97 and a two-hundred day moving average of $931.79. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,164.00.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the company posted $8.28 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Wells Fargo & Company raised their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. The Goldman Sachs Group boosted their price target on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Arete Research upgraded Netflix to a "hold" rating in a report on Thursday, January 23rd. Finally, Wolfe Research upgraded Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 target price for the company in a research note on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,084.91.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 2,027 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the completion of the sale, the chief executive officer now owns 12,781 shares of the company's stock, valued at $14,589,639.31. This represents a 13.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $35,972,180. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,530 shares of company stock worth $137,602,751. Corporate 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.