Flossbach Von Storch SE Sells 3,855 Shares of Netflix, Inc. (NASDAQ:NFLX)

Flossbach Von Storch SE decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

Several other institutional investors have also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC grew its position in Netflix by 100.0% during 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 bought a new position in Netflix during the fourth quarter valued at about $27,000. Transce3nd LLC bought a new position in Netflix during the fourth quarter valued at about $32,000. Copia Wealth Management bought a new position in Netflix during the fourth quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. grew its position 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 valued at $41,000 after buying an additional 45 shares during the period. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NFLX. Piper Sandler set a $1,150.00 price target on shares of Netflix and gave the company an "overweight" rating in a research report on Monday, April 21st. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday. Wells Fargo & Company increased their price target on shares of Netflix from $1,222.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, June 20th. UBS Group increased their price target on shares of Netflix from $1,150.00 to $1,450.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, FBN Securities initiated coverage on shares of Netflix in a report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price objective on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,195.30.

Insider Buying and Selling at Netflix

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the transaction, the director directly owned 7,969 shares of the company's stock, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 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 directly owned 79,040 shares in the company, valued at $87,099,708.80. This trade represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is owned by insiders.

Netflix Price Performance

NFLX traded down $37.69 on Thursday, reaching $1,250.59. The company had a trading volume of 4,228,410 shares, compared to its average volume of 3,771,046. The business has a 50 day simple moving average of $1,219.93 and a 200 day simple moving average of $1,046.88. The company has a market cap of $532.21 billion, a price-to-earnings ratio of 59.10, a P/E/G ratio of 2.34 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its 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 business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period last year, the firm posted $8.28 earnings per share. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.