Flossbach Von Storch AG Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Flossbach Von Storch AG boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,614 shares of the Internet television network’s stock after purchasing an additional 293 shares during the quarter. Flossbach Von Storch AG’s holdings in Netflix were worth $19,774,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC purchased a new stake in Netflix in the third quarter valued at approximately $25,000. Spartan Planning & Wealth Management acquired a new position in Netflix during the third quarter valued at approximately $26,000. Blue Bell Private Wealth Management LLC lifted its position in Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after buying an additional 35 shares in the last quarter. Carmel Capital Partners LLC lifted its position in Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after buying an additional 58 shares in the last quarter. Finally, Pacifica Partners Inc. acquired a new position in Netflix during the fourth quarter valued at approximately $41,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jay C. Hoag sold 47,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $550.50, for a total value of $25,873,500.00. Following the completion of the sale, the director now owns 431,034 shares of the company’s stock, valued at $237,284,217. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 268,335 shares of company stock worth $151,619,811. Insiders own 2.45% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock traded down $3.83 during trading on Wednesday, hitting $613.69. 3,273,978 shares of the stock were exchanged, compared to its average volume of 4,241,472. The stock’s fifty day moving average is $604.73 and its 200 day moving average is $511.17. The stock has a market cap of $265.58 billion, a PE ratio of 51.10, a P/E/G ratio of 1.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 17.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NFLX. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Citigroup lifted their price target on shares of Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. Seaport Res Ptn cut shares of Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Macquarie lifted their price target on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $605.76.

About Netflix

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.