Flossbach Von Storch SE Decreases Position in Netflix, Inc. (NASDAQ:NFLX)

Flossbach Von Storch SE cut its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,995 shares of the Internet television network's stock after selling 3,855 shares during the quarter. Flossbach Von Storch SE's holdings in Netflix were worth $42,892,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after buying an additional 171,712 shares during the last quarter. FMR LLC increased its holdings in shares of Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after buying an additional 375,234 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after buying an additional 175,596 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Netflix during the 4th quarter worth approximately $5,019,087,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the transaction, the director directly owned 394 shares in the company, valued at approximately $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the transaction, the director owned 79,040 shares in the company, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 186,723 shares of company stock valued at $223,307,201. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

Shares of NFLX opened at $1,275.31 on Wednesday. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The stock has a market cap of $542.73 billion, a PE ratio of 60.27, a price-to-earnings-growth ratio of 2.34 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a fifty day moving average price of $1,214.45 and a 200 day moving average price of $1,042.85.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the previous year, the company earned $8.28 earnings per share. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NFLX shares. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Wells Fargo & Company raised their price target on shares of Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, June 20th. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Finally, FBN Securities began coverage on shares of Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,185.61.

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.

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