Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 13.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,547 shares of the Internet television network's stock after purchasing an additional 1,034 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Netflix were worth $7,970,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fullcircle Wealth LLC increased its position in shares of Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after purchasing an additional 9 shares in the last quarter. MRP Capital Investments LLC increased its position in shares of Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC increased its position in shares of Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after purchasing an additional 10 shares in the last quarter. Mission Creek Capital Partners Inc. increased its position in shares of Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after purchasing an additional 10 shares in the last quarter. Finally, Continuum Wealth Advisors LLC increased its position in shares of Netflix by 4.4% during the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Down 5.1%

NASDAQ NFLX traded down $64.93 during trading hours on Friday, hitting $1,209.24. 10,678,762 shares of the company were exchanged, compared to its average volume of 3,802,082. The company has a 50 day moving average of $1,231.20 and a two-hundred day moving average of $1,058.57. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15. The firm has a market cap of $514.62 billion, a price-to-earnings ratio of 57.15, a PEG ratio of 2.26 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the business posted $4.88 EPS. The business's revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on NFLX. Wells Fargo & Company upped their target price on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday. JPMorgan Chase & Co. upped their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday. Morgan Stanley upped their target price on Netflix from $1,450.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday. Rosenblatt Securities upped their target price on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday. Finally, BMO Capital Markets restated an "outperform" rating and issued a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,275.30.

Insiders Place Their Bets

In related news, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the transaction, the director owned 79,040 shares in the company, valued at $87,099,708.80. This trade represents a 29.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total value of $2,945,320.38. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,179,614.58. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 186,723 shares of company stock worth $223,307,201. Insiders own 1.37% of the company's stock.

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.