B. Metzler seel. Sohn & Co. Holding AG Acquires New Position in Netflix, Inc. (NASDAQ:NFLX)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 66,537 shares of the Internet television network’s stock, valued at approximately $47,189,000.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in Netflix by 2.3% in the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after buying an additional 106,756 shares during the period. Legal & General Group Plc lifted its holdings in Netflix by 3.1% in the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock valued at $2,327,738,000 after buying an additional 104,332 shares during the period. Bank of New York Mellon Corp lifted its holdings in Netflix by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 3,281,306 shares of the Internet television network’s stock valued at $2,214,488,000 after buying an additional 83,762 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Netflix by 13.3% in the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after buying an additional 198,148 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,277 shares of company stock worth $132,875,601. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Up 2.8 %

NFLX opened at $847.05 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market cap of $362.08 billion, a price-to-earnings ratio of 47.94, a PEG ratio of 1.59 and a beta of 1.25. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $848.45. The company’s 50-day moving average price is $739.20 and its two-hundred day moving average price is $683.35.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, equities analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Morgan Stanley upped their price objective on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Loop Capital upped their price objective on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Bank of America upped their price objective on shares of Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Wells Fargo & Company upped their price objective on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $753.45.

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.