Flossbach Von Storch SE Purchases 638 Shares of Netflix, Inc. (NASDAQ:NFLX)

Flossbach Von Storch SE raised its position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,850 shares of the Internet television network’s stock after purchasing an additional 638 shares during the quarter. Flossbach Von Storch SE’s holdings in Netflix were worth $44,432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the third quarter worth approximately $25,000. Pathway Financial Advisers LLC grew its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the period. Newton One Investments LLC bought a new stake in Netflix during the fourth quarter valued at approximately $34,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Netflix during the third quarter valued at approximately $37,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 685 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the completion of the sale, the chief financial officer now owns 3,691 shares in the company, valued at $3,726,322.87. This represents a 15.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,220 shares of company stock valued at $289,856,164. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Loop Capital boosted their target price on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $1,100.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Wedbush restated an “outperform” rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Get Our Latest Stock Analysis on Netflix

Netflix Trading Up 0.7 %

NFLX stock opened at $1,043.33 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The stock has a market capitalization of $446.29 billion, a price-to-earnings ratio of 52.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.27. The firm’s fifty day simple moving average is $936.88 and its two-hundred day simple moving average is $814.17.

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

Netflix Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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