DekaBank Deutsche Girozentrale Sells 51 Shares of Netflix, Inc. $NFLX

DekaBank Deutsche Girozentrale lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 0.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 346,176 shares of the Internet television network’s stock after selling 51 shares during the quarter. Netflix makes up about 0.8% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 18th biggest position. DekaBank Deutsche Girozentrale owned approximately 0.08% of Netflix worth $461,643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Drive Wealth Management LLC grew its stake in Netflix by 4.8% in the second quarter. Drive Wealth Management LLC now owns 1,601 shares of the Internet television network’s stock worth $2,144,000 after purchasing an additional 73 shares in the last quarter. Canvas Wealth Advisors LLC grew its stake in Netflix by 19.8% in the second quarter. Canvas Wealth Advisors LLC now owns 980 shares of the Internet television network’s stock worth $1,312,000 after purchasing an additional 162 shares in the last quarter. Princeton Global Asset Management LLC grew its stake in Netflix by 13.1% in the second quarter. Princeton Global Asset Management LLC now owns 328 shares of the Internet television network’s stock worth $439,000 after purchasing an additional 38 shares in the last quarter. Schnieders Capital Management LLC grew its stake in Netflix by 12.1% in the second quarter. Schnieders Capital Management LLC now owns 2,115 shares of the Internet television network’s stock worth $2,832,000 after purchasing an additional 228 shares in the last quarter. Finally, Townsend & Associates Inc bought a new position in Netflix in the second quarter worth approximately $232,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of analyst reports. Sanford C. Bernstein restated a “buy” rating on shares of Netflix in a report on Friday. Pivotal Research restated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. TD Cowen lowered their target price on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Wedbush restated an “outperform” rating on shares of Netflix in a report on Wednesday. Finally, BMO Capital Markets restated an “outperform” rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,339.81.

Netflix Stock Performance

Shares of NFLX opened at $1,199.36 on Monday. Netflix, Inc. has a 12 month low of $736.23 and a 12 month high of $1,341.15. The stock has a fifty day moving average price of $1,213.47 and a 200-day moving average price of $1,179.41. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $509.64 billion, a PE ratio of 51.10, a P/E/G ratio of 2.02 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the business posted $4.88 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Cletus R. Willems sold 238 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares of the company’s stock, valued at $461,736.48. This trade represents a 99.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,100 shares of company stock worth $122,710,980. 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.