MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires Shares of 34,744 Netflix, Inc. (NASDAQ:NFLX)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,744 shares of the Internet television network's stock, valued at approximately $32,400,000.

Several other hedge funds have also recently modified their holdings of the business. West Michigan Advisors LLC grew its holdings in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after acquiring an additional 10 shares during the period. Warwick Investment Management Inc. grew its holdings in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC grew its holdings in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after acquiring an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC grew its holdings in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after acquiring an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. grew its holdings in shares of Netflix by 0.3% in 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 acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director now directly owns 63,040 shares of the company's stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,140 shares of company stock valued at $210,271,552. Insiders own 1.37% of the company's stock.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $2.88 during mid-day trading on Friday, reaching $1,212.15. The company's stock had a trading volume of 2,209,188 shares, compared to its average volume of 3,761,170. The firm has a market capitalization of $515.86 billion, a PE ratio of 61.13, a P/E/G ratio of 2.12 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a fifty day moving average of $1,120.37 and a two-hundred day moving average of $1,000.10. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the prior 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 fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NFLX shares. Benchmark reissued a "hold" rating on shares of Netflix in a report on Monday, April 21st. FBN Securities started coverage on shares of Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective on the stock. Evercore ISI reissued an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Jefferies Financial Group raised their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Canaccord Genuity Group raised their price objective on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,156.73.

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.