Netflix, Inc. (NASDAQ:NFLX) Position Increased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 217,906 shares of the Internet television network's stock after buying an additional 11,741 shares during the quarter. Netflix accounts for about 0.7% of Asset Management One Co. Ltd.'s investment portfolio, making the stock its 23rd biggest position. Asset Management One Co. Ltd. owned 0.05% of Netflix worth $203,204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. West Michigan Advisors LLC increased its stake in shares of Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after acquiring an additional 10 shares during the period. Warwick Investment Management Inc. raised its stake in shares of Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after buying an additional 10 shares in the last quarter. MRP Capital Investments LLC lifted its holdings in shares of Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after buying an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC lifted its holdings in Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after acquiring an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. boosted its position in shares of Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after purchasing an additional 10 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ann Mather sold 1,358 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cletus R. Willems sold 298 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at $35,972,180. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 184,660 shares of company stock worth $209,802,025 over the last three months. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Down 0.3%

Shares of NFLX stock traded down $3.86 during trading hours on Wednesday, hitting $1,275.25. 2,121,844 shares of the company were exchanged, compared to its average volume of 3,737,125. The stock has a market capitalization of $542.71 billion, a price-to-earnings ratio of 60.27, a P/E/G ratio of 2.43 and a beta of 1.59. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,297.17. The business's 50-day simple moving average is $1,163.30 and its two-hundred day simple moving average is $1,016.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period last year, the firm posted $8.28 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, June 20th. Barclays lifted their price target on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Monday, April 21st. Rosenblatt Securities raised their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a report on Monday, April 21st. FBN Securities initiated coverage on shares of Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price objective for the company. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,172.73.

About Netflix

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.