Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 156.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,830 shares of the Internet television network’s stock after acquiring an additional 17,594 shares during the quarter. Netflix makes up 1.3% of Siemens Fonds Invest GmbH’s portfolio, making the stock its 11th biggest holding. Siemens Fonds Invest GmbH’s holdings in Netflix were worth $25,697,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in NFLX. RMR Wealth Builders boosted its position in Netflix by 4.8% during the fourth quarter. RMR Wealth Builders now owns 4,863 shares of the Internet television network’s stock worth $4,335,000 after acquiring an additional 221 shares during the last quarter. Sovereign Financial Group Inc. grew its position in shares of Netflix by 34.8% in the fourth quarter. Sovereign Financial Group Inc. now owns 593 shares of the Internet television network’s stock valued at $529,000 after purchasing an additional 153 shares during the period. Board of the Pension Protection Fund acquired a new position in shares of Netflix during the 4th quarter valued at about $89,000. Acropolis Investment Management LLC grew its holdings in Netflix by 5.7% in the fourth quarter. Acropolis Investment Management LLC now owns 297 shares of the Internet television network’s stock valued at $265,000 after purchasing an additional 16 shares during the period. Finally, Apella Capital LLC increased its position in Netflix by 1.6% during the fourth quarter. Apella Capital LLC now owns 1,071 shares of the Internet television network’s stock worth $955,000 after purchasing an additional 17 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 25,360 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the transaction, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This represents a 98.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 1,358 shares of Netflix stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Insiders sold a total of 132,868 shares of company stock worth $138,483,256 over the last ninety days. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 2.3%

Shares of NASDAQ:NFLX opened at $1,177.98 on Friday. The firm has a market cap of $501.31 billion, a PE ratio of 59.40, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a fifty day simple moving average of $1,003.42 and a 200 day simple moving average of $942.62. 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, Inc. has a 12-month low of $587.04 and a 12-month high of $1,187.80.

Netflix (NASDAQ:NFLX) last issued its 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. The company 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 quarter last year, the firm earned $8.28 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NFLX shares. Citigroup reiterated a “neutral” rating on shares of Netflix in a report on Monday, May 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Oppenheimer restated an “outperform” rating and set a $1,200.00 price target (up from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. Barclays raised their price objective on Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Monday, April 21st. Finally, KeyCorp boosted their target price on Netflix from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,084.91.

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.