DekaBank Deutsche Girozentrale Sells 19,030 Shares of Netflix, Inc. (NASDAQ:NFLX)

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DekaBank Deutsche Girozentrale cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 159,080 shares of the Internet television network’s stock after selling 19,030 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Netflix were worth $59,284,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nelson Roberts Investment Advisors LLC boosted its position in Netflix by 600.0% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock worth $31,000 after purchasing an additional 72 shares during the last quarter. TCG Advisors LP purchased a new position in Netflix in the first quarter worth about $36,000. SevenBridge Financial Group LLC boosted its position in Netflix by 66.7% in the second quarter. SevenBridge Financial Group LLC now owns 125 shares of the Internet television network’s stock worth $46,000 after purchasing an additional 50 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in Netflix by 182.0% in the first quarter. Thompson Siegel & Walmsley LLC now owns 141 shares of the Internet television network’s stock worth $50,000 after purchasing an additional 91 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC purchased a new position in Netflix in the first quarter worth about $55,000. Hedge funds and other institutional investors own 76.94% of the company’s stock.

Shares of NFLX opened at $312.28 on Wednesday. The company’s 50 day simple moving average is $343.27. The company has a market cap of $135.26 billion, a P/E ratio of 116.52, a PEG ratio of 3.14 and a beta of 1.23. Netflix, Inc. has a 12-month low of $231.23 and a 12-month high of $386.80. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.85.

Netflix (NASDAQ:NFLX) last issued its earnings results on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.93 billion. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. On average, equities research analysts predict that Netflix, Inc. will post 3.28 EPS for the current year.

In other Netflix news, CEO Reed Hastings sold 57,414 shares of Netflix stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $348.88, for a total value of $20,030,596.32. Following the sale, the chief executive officer now owns 57,414 shares of the company’s stock, valued at approximately $20,030,596.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bradford L. Smith acquired 6,499 shares of Netflix stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $308.49 per share, for a total transaction of $2,004,876.51. Following the purchase, the director now owns 799 shares in the company, valued at $246,483.51. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 165,862 shares of company stock worth $56,966,404. Corporate insiders own 3.72% of the company’s stock.

Several brokerages have issued reports on NFLX. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and raised their target price for the stock from $395.00 to $425.00 in a research report on Monday, June 3rd. Deutsche Bank raised their target price on Netflix to $371.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Wedbush raised their target price on Netflix from $183.00 to $188.00 and gave the stock an “underperform” rating in a research report on Thursday, July 18th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $370.00 price objective (up from $350.00) on shares of Netflix in a research report on Wednesday, July 10th. Finally, UBS Group reaffirmed a “buy” rating and set a $420.00 price objective on shares of Netflix in a research report on Thursday, April 18th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Netflix currently has an average rating of “Buy” and an average target price of $390.47.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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