Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 398,371 Netflix, Inc. (NASDAQ:NFLX)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 398,371 shares of the Internet television network's stock, valued at approximately $355,076,000. Netflix makes up about 0.7% of Universal Beteiligungs und Servicegesellschaft mbH's holdings, making the stock its 19th largest position. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Netflix as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Netflix in the fourth quarter valued at $5,019,087,000. Proficio Capital Partners LLC increased its position in shares of Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after buying an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Netflix by 59.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after buying an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after buying an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Netflix by 14.3% during the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after acquiring an additional 570,674 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Oppenheimer reissued an "outperform" rating and set a $1,200.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. 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. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Citigroup reissued a "neutral" rating on shares of Netflix in a research note on Monday, May 5th. Finally, Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,102.79.

Netflix Price Performance

NASDAQ:NFLX traded up $26.18 during trading hours on Tuesday, reaching $1,211.57. 2,916,636 shares of the company's stock were exchanged, compared to its average volume of 3,754,011. The company has a market capitalization of $515.61 billion, a P/E ratio of 61.10, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,211.79. The business's 50-day simple moving average is $1,040.74 and its two-hundred day simple moving average is $965.67. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period last year, the company posted $8.28 EPS. Sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,624,746.55. The trade was a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock valued at $138,483,256 over the last three months. Company 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.