Baader Bank Aktiengesellschaft Acquires 1,699 Shares of Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Baader Bank Aktiengesellschaft increased its holdings in Netflix by 34.5% during the first quarter, owning 6,629 shares valued at approximately $5.89 million.
• Several other institutional investors, including Brighton Jones LLC and BIP Wealth LLC, also raised their stakes in Netflix by up to 23.8% during the previous quarter.
• Netflix reported $7.19 earnings per share for the last quarter, surpassing analysts' expectations of $7.07, and achieved a revenue growth of 15.9% year-over-year.

Baader Bank Aktiengesellschaft raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 34.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,629 shares of the Internet television network's stock after acquiring an additional 1,699 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Netflix were worth $5,889,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC lifted its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix in the fourth quarter worth about $27,000. Transce3nd LLC bought a new position in shares of Netflix in the fourth quarter valued at approximately $32,000. Copia Wealth Management bought a new stake in Netflix during the 4th quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. increased its holdings in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In related news, Director Strive Masiyiwa sold 290 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total transaction of $387,596.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 1,090 shares of Netflix stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 153,408 shares of company stock valued at $186,614,540 over the last three months. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on NFLX. KeyCorp upped their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Piper Sandler lifted their price target on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Benchmark reiterated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. The Goldman Sachs Group increased their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Finally, Barclays reaffirmed a "sell" rating and set a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Netflix Stock Up 1.3%

Shares of NFLX traded up $15.46 on Wednesday, reaching $1,184.20. The stock had a trading volume of 2,908,020 shares, compared to its average volume of 3,752,075. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The firm has a market capitalization of $503.20 billion, a price-to-earnings ratio of 50.46, a price-to-earnings-growth ratio of 1.97 and a beta of 1.59. The company has a 50-day simple moving average of $1,235.42 and a 200-day simple moving average of $1,077.88.

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

Netflix Company 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.