Commerzbank Aktiengesellschaft FI Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Commerzbank Aktiengesellschaft FI increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 42.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 7,361 shares of the Internet television network’s stock after acquiring an additional 2,178 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Netflix were worth $5,221,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GQG Partners LLC acquired a new stake in Netflix in the 1st quarter valued at approximately $1,450,476,000. Jennison Associates LLC grew its stake in shares of Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after buying an additional 929,193 shares in the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in shares of Netflix in the 1st quarter valued at $372,293,000. Swedbank AB purchased a new position in Netflix during the 1st quarter valued at about $216,538,000. Finally, Renaissance Technologies LLC purchased a new stake in Netflix during the second quarter worth about $183,365,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the sale, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $35,991.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 229,711 shares of company stock worth $153,905,830. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $758.78 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $327.03 billion, a price-to-earnings ratio of 53.04, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The firm’s fifty day moving average price is $701.48 and its 200 day moving average price is $657.11. Netflix, Inc. has a 1-year low of $395.62 and a 1-year high of $773.00.

Analysts Set New Price Targets

NFLX has been the topic of several recent research reports. Rosenblatt Securities upped their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. China Renaissance initiated coverage on Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective on the stock. TD Cowen boosted their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Oppenheimer increased their price target on Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Macquarie reissued an “outperform” rating and set a $795.00 price objective on shares of Netflix in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $747.70.

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.