Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its position in Netflix, Inc. (NASDAQ:NFLX) by 5.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,303,103 shares of the Internet television network’s stock after acquiring an additional 63,534 shares during the quarter. Deutsche Bank AG’s holdings in Netflix were worth $1,161,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of NFLX. Diligent Investors LLC boosted its stake in Netflix by 17.7% during the 4th quarter. Diligent Investors LLC now owns 1,387 shares of the Internet television network’s stock worth $1,236,000 after purchasing an additional 209 shares during the period. Dunhill Financial LLC raised its holdings in shares of Netflix by 59.9% in the fourth quarter. Dunhill Financial LLC now owns 462 shares of the Internet television network’s stock valued at $412,000 after buying an additional 173 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Netflix by 4.7% during the fourth quarter. EP Wealth Advisors LLC now owns 17,592 shares of the Internet television network’s stock worth $15,680,000 after buying an additional 789 shares during the period. Colonial Trust Co SC grew its holdings in shares of Netflix by 191.7% during the fourth quarter. Colonial Trust Co SC now owns 913 shares of the Internet television network’s stock worth $814,000 after buying an additional 600 shares during the last quarter. Finally, Concentric Capital Strategies LP acquired a new position in Netflix in the 4th quarter valued at about $10,954,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on NFLX. JPMorgan Chase & Co. lifted their target price on Netflix from $1,025.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Robert W. Baird upped their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Macquarie increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Monday, April 21st. Guggenheim reiterated a “buy” rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, FBN Securities started coverage on Netflix in a research note on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price target on the stock. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,084.91.

Netflix Stock Up 1.6 %

Shares of NASDAQ NFLX opened at $1,155.41 on Thursday. The stock has a fifty day moving average price of $978.21 and a 200 day moving average price of $926.63. The company has a market cap of $491.71 billion, a P/E ratio of 58.27, a P/E/G 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 $1,167.35. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the company posted $8.28 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, insider Cletus R. Willems sold 298 shares of Netflix stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $35,972,180. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was 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 of the company’s stock, valued at approximately $3,624,746.55. This represents a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 132,530 shares of company stock valued at $137,602,751. Corporate insiders own 1.76% of the company’s stock.

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.