Deutsche Bank AG Buys 150,968 Shares of Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Deutsche Bank AG increased its position in Netflix, owning 1,454,071 shares worth approximately $1.36 billion after acquiring an additional 150,968 shares in Q1.
• A significant amount of Netflix stock is held by institutional investors, with 80.93% of shares currently owned by them and notable increases in holdings from firms like GAMMA Investing LLC and Goldman Sachs.
• Netflix's stock saw a minor increase of 0.2%, closing at $1,180.37, alongside reporting a net margin of 24.58% and a year-over-year revenue growth of 15.9% for the last quarter.

Deutsche Bank AG lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,454,071 shares of the Internet television network's stock after acquiring an additional 150,968 shares during the period. Deutsche Bank AG owned approximately 0.34% of Netflix worth $1,355,965,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new position in shares of Netflix during the 4th quarter worth about $27,000. Transce3nd LLC bought a new position in shares of Netflix in the 4th quarter valued at about $32,000. Copia Wealth Management acquired a new position in shares of 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 fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

Shares of NFLX traded up $31.27 during trading hours on Friday, reaching $1,211.64. The stock had a trading volume of 3,811,512 shares, compared to its average volume of 3,961,090. The stock has a market capitalization of $514.86 billion, a PE ratio of 51.63, a PEG ratio of 1.99 and a beta of 1.59. Netflix, Inc. has a 12 month low of $622.99 and a 12 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 company's 50-day moving average is $1,232.06 and its two-hundred day moving average is $1,091.12.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $11.08 billion for 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 business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $4.88 earnings per share. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, Director Bradford L. Smith sold 3,919 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the transaction, the director directly owned 7,969 shares of the company's stock, valued at $8,959,227.94. This trade represents a 32.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,824,949.02. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 150,226 shares of company stock worth $183,849,784 over the last ninety days. Insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Macquarie raised their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Guggenheim reiterated a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Jefferies Financial Group set a $1,500.00 price objective on shares of Netflix and gave the stock a "buy" rating in a research note on Friday, July 18th. Seaport Res Ptn cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Finally, Cfra Research upgraded Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

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.