B. Metzler seel. Sohn & Co. AG Sells 12,304 Shares of Netflix, Inc. (NASDAQ:NFLX)

B. Metzler seel. Sohn & Co. AG lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,233 shares of the Internet television network's stock after selling 12,304 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Netflix were worth $48,496,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after purchasing an additional 156,958 shares during the last quarter. First National Trust Co lifted its stake in Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after buying an additional 12 shares during the last quarter. Haven Private LLC purchased a new position in shares of Netflix during the fourth quarter worth approximately $733,000. Sigma Planning Corp increased its holdings in shares of Netflix by 7.4% in the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after acquiring an additional 386 shares during the period. Finally, M&T Bank Corp boosted its stake in Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock worth $29,751,000 after purchasing an additional 1,684 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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Netflix Stock Down 0.4 %

NASDAQ:NFLX traded down $4.15 during trading hours on Tuesday, hitting $928.38. 3,514,962 shares of the stock traded hands, compared to its average volume of 3,592,921. The firm has a 50 day moving average price of $973.23 and a 200 day moving average price of $871.15. The firm has a market cap of $397.12 billion, a price-to-earnings ratio of 46.82, a PEG ratio of 2.12 and a beta of 1.38. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50.

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

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 102,228 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at $12,700,583. This represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,583 shares of company stock valued at $279,611,567. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NFLX. FBN Securities began coverage on shares of Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 target price for the company. Citigroup increased their price target on Netflix from $725.00 to $920.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. BMO Capital Markets restated an "outperform" rating and set a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Bank of America upped their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,021.02.

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.