Allianz SE Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Allianz SE increased its stake in Netflix by 1.8% in the first quarter, bringing its total holdings to nearly $18.64 million.
• Institutional investors hold 80.93% of Netflix's stock, highlighting strong institutional interest in the company.
• Netflix's most recent earnings report surpassed estimates with $7.19 earnings per share, representing a significant increase from the prior year.

Allianz SE grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,989 shares of the Internet television network's stock after buying an additional 350 shares during the quarter. Allianz SE's holdings in Netflix were worth $18,640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Resurgent Financial Advisors LLC raised its stake in shares of Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after purchasing an additional 708 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after purchasing an additional 110,432 shares in the last quarter. PharVision Advisers LLC bought a new stake in shares of Netflix during the fourth quarter valued at about $873,000. New England Research & Management Inc. raised its stake in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Netflix by 6.1% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network's stock valued at $50,952,000 after purchasing an additional 3,137 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NFLX has been the topic of a number of research analyst reports. Wolfe Research set a $1,340.00 target price on Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Rosenblatt Securities lifted their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Guggenheim reaffirmed a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Citigroup reaffirmed a "neutral" rating and set a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Stock Down 0.1%

NFLX opened at $1,158.60 on Friday. The business has a 50 day moving average price of $1,234.32 and a 200 day moving average price of $1,083.98. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $492.32 billion, a P/E ratio of 49.37, a price-to-earnings-growth ratio of 1.95 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the company earned $4.88 EPS. The company's revenue for the quarter was up 15.9% on a year-over-year basis. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other news, Director Jay C. Hoag sold 31,750 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director owned 63,040 shares of the company's stock, valued at approximately $78,948,144. This represents a 33.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total transaction of $3,151,553.67. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,472,273.97. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,830 shares of company stock valued at $153,102,930. 1.37% of the stock is owned by corporate insiders.

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.

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