Baader Bank Aktiengesellschaft Cuts Position in Netflix, Inc. (NASDAQ:NFLX)

Baader Bank Aktiengesellschaft reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,930 shares of the Internet television network’s stock after selling 417 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Netflix were worth $4,394,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NFLX. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the third quarter worth $25,000. 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 valued at $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC purchased a new stake in Netflix during the 3rd quarter worth about $38,000. Finally, First Personal Financial Services acquired a new position in Netflix during the 3rd quarter worth approximately $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Up 0.7 %

Shares of NASDAQ:NFLX opened at $978.94 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The business’s 50 day simple moving average is $899.64 and its two-hundred day simple moving average is $772.71. The firm has a market cap of $418.46 billion, a P/E ratio of 49.37, a PEG ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The business 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 firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.11 earnings per share. As a group, research analysts forecast that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the completion of the transaction, the chairman now owns 85 shares in the company, valued at $64,435.10. The trade was a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,117 shares of company stock valued at $123,913,691 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on NFLX shares. Jefferies Financial Group boosted their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Evercore ISI boosted their target price on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Robert W. Baird increased their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and issued a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.