Commerzbank Aktiengesellschaft FI Buys 152 Shares of Netflix, Inc. (NASDAQ:NFLX)

Commerzbank Aktiengesellschaft FI grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,513 shares of the Internet television network’s stock after purchasing an additional 152 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Netflix were worth $6,696,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Synergy Investment Management LLC bought a new position in Netflix in the 4th quarter valued at about $65,000. Patten Group Inc. grew its position in shares of Netflix by 5.1% in the fourth quarter. Patten Group Inc. now owns 901 shares of the Internet television network’s stock valued at $803,000 after purchasing an additional 44 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Netflix by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,668,392 shares of the Internet television network’s stock worth $2,378,391,000 after purchasing an additional 88,988 shares during the period. State of Michigan Retirement System lifted its holdings in Netflix by 3.3% during the 4th quarter. State of Michigan Retirement System now owns 161,249 shares of the Internet television network’s stock worth $143,724,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Netflix by 0.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 33,820 shares of the Internet television network’s stock valued at $30,144,000 after purchasing an additional 310 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on NFLX shares. Arete Research upgraded Netflix to a “hold” rating in a research report on Thursday, January 23rd. Guggenheim raised their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and issued a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. KeyCorp raised their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Price Performance

Shares of NFLX opened at $973.70 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The company has a market capitalization of $416.51 billion, a price-to-earnings ratio of 49.10, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The business has a 50-day moving average of $948.96 and a 200-day moving average of $835.48.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.11 earnings per share. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 255,017 shares of company stock valued at $246,653,898 in the last three months. 1.76% of the stock is currently owned by insiders.

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.