B. Metzler seel. Sohn & Co. AG increased its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,231 shares of the Internet television network’s stock after buying an additional 6,998 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Netflix were worth $57,099,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after acquiring an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock valued at $10,940,505,000 after acquiring an additional 304,399 shares in the last quarter. GAMMA Investing LLC lifted its position in Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares in the last quarter. Invesco Ltd. lifted its position in Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock valued at $4,350,083,000 after acquiring an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock valued at $4,089,765,000 after acquiring an additional 148,675 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Netflix Stock Performance
Shares of NFLX stock opened at $1,226.09 on Wednesday. The stock has a market capitalization of $521.00 billion, a P/E ratio of 52.24, a PEG ratio of 2.05 and a beta of 1.59. 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’s 50 day moving average is $1,231.37 and its 200 day moving average is $1,113.86. Netflix, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on NFLX. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research report on Tuesday, July 15th. UBS Group reiterated a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. Sanford C. Bernstein increased their price objective on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. TD Cowen increased their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $1,297.66.
Read Our Latest Stock Report on NFLX
Insider Buying and Selling
In related news, insider Cletus R. Willems sold 238 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 424 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares of the company’s stock, valued at $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 145,667 shares of company stock worth $178,679,156 in the last ninety days. 1.37% 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.
See Also
- Five stocks we like better than Netflix
- What is a Dividend King?
- MP Materials: How One Move Redefined the U.S. Magnet Supply Chain
- What is a Low P/E Ratio and What Does it Tell Investors?
- Overlooked Analyst-Approved Dividend Plays You Can Count On
- Overbought Stocks Explained: Should You Trade Them?
- As Trump Blocks Clean Energy, What’s Next for Renewables?
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.