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

Baader Bank Aktiengesellschaft lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% during 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 purchasing an additional 42 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Netflix during the fourth quarter worth about $43,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the third quarter worth about $37,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Netflix during the third quarter worth about $38,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 617 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock worth $123,913,691 over the last ninety days. Company insiders own 1.76% of the company's stock.

Analyst Ratings Changes

NFLX has been the topic of several research reports. Wedbush restated an "outperform" rating and set a $1,150.00 price target (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. KeyCorp upped their target price on Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group upped their target price on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. UBS Group upped their target price on Netflix from $1,040.00 to $1,150.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Finally, Sanford C. Bernstein upgraded Netflix from a "market perform" rating to an "outperform" rating and upped their target price for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus price target of $1,021.70.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $1.41 during mid-day trading on Thursday, reaching $976.74. The company's stock had a trading volume of 2,849,753 shares, compared to its average volume of 4,505,172. The firm has a market capitalization of $417.52 billion, a PE ratio of 49.21, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The stock has a fifty day moving average of $901.54 and a two-hundred day moving average of $774.15. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the business earned $2.11 earnings per share. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

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.