Commerzbank Aktiengesellschaft FI Boosts Stake in Netflix, Inc. (NFLX)
Commerzbank Aktiengesellschaft FI boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,319 shares of the Internet television network’s stock after buying an additional 4,189 shares during the period. Netflix makes up about 1.0% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 21st largest position. Commerzbank Aktiengesellschaft FI owned 0.09% of Netflix worth $57,421,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Associates Ltd. raised its position in shares of Netflix by 40.1% in the second quarter. Pinnacle Associates Ltd. now owns 7,516 shares of the Internet television network’s stock valued at $1,123,000 after buying an additional 2,150 shares during the last quarter. Horseman Capital Management Ltd purchased a new position in shares of Netflix during the second quarter valued at $896,000. Cedar Capital LLC raised its position in shares of Netflix by 26.3% in the second quarter. Cedar Capital LLC now owns 1,981 shares of the Internet television network’s stock valued at $296,000 after buying an additional 412 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Netflix by 2.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 5,860 shares of the Internet television network’s stock valued at $875,000 after buying an additional 124 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Netflix by 2.7% in the second quarter. Oppenheimer & Co. Inc. now owns 51,964 shares of the Internet television network’s stock valued at $7,763,000 after buying an additional 1,346 shares during the last quarter. 81.04% of the stock is currently owned by institutional investors.
Netflix, Inc. (NFLX) traded up 0.02% during trading on Friday, hitting $174.74. The stock had a trading volume of 3,812,968 shares. The firm has a 50 day moving average price of $175.40 and a 200-day moving average price of $156.71. The firm has a market capitalization of $75.44 billion, a PE ratio of 212.58 and a beta of 1.05. Netflix, Inc. has a 1-year low of $93.26 and a 1-year high of $191.50. Netflix also saw unusually large options trading activity on Wednesday. Traders purchased 58,939 call options on the company. This is an increase of 141% compared to the average daily volume of 24,487 call options.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the firm posted $0.09 earnings per share. The business’s revenue was up 32.3% on a year-over-year basis. On average, equities research analysts expect that Netflix, Inc. will post $1.19 EPS for the current year.
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Several brokerages have weighed in on NFLX. Robert W. Baird reaffirmed a “hold” rating and issued a $175.00 target price on shares of Netflix in a research report on Friday. Vetr lowered Netflix from a “hold” rating to a “sell” rating and set a $165.09 price objective on the stock. in a report on Wednesday. Sanford C. Bernstein set a $203.00 price objective on Netflix and gave the company a “buy” rating in a report on Wednesday. KeyCorp reissued a “buy” rating and set a $190.00 price objective on shares of Netflix in a report on Friday, August 25th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $200.00 price objective on shares of Netflix in a report on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $178.07.
In other Netflix news, CEO Reed Hastings sold 115,577 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total value of $17,640,517.51. Following the completion of the sale, the chief executive officer now directly owns 115,577 shares of the company’s stock, valued at $17,640,517.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $154.31, for a total transaction of $308,620.00. Following the completion of the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,236,331.72. The disclosure for this sale can be found here. Insiders sold 346,435 shares of company stock valued at $58,698,991 over the last three months. 4.90% of the stock is currently owned by insiders.
Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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