Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 56.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 484 shares of the Internet television network's stock after selling 631 shares during the period. Asahi Life Asset Management CO. LTD.'s holdings in Netflix were worth $451,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix during the 4th quarter valued at approximately $27,000. Transce3nd LLC purchased a new position in shares of Netflix during the 4th quarter valued at approximately $32,000. Copia Wealth Management purchased a new position in shares of Netflix during the 4th quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Down 0.4%

Shares of NFLX stock opened at $1,245.11 on Monday. The stock has a 50-day simple moving average of $1,221.70 and a 200 day simple moving average of $1,050.73. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15. The stock has a market capitalization of $529.88 billion, a P/E ratio of 58.84, a P/E/G ratio of 2.25 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

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

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,179,614.58. The trade was a 41.34% 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 Bradford L. Smith sold 3,919 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the transaction, the director directly owned 7,969 shares in the company, valued at $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,723 shares of company stock worth $223,307,201. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Netflix from $1,220.00 to $1,230.00 and gave the company a "neutral" rating in a research note on Friday. Needham & Company LLC raised their price objective on Netflix from $1,126.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Friday. Wedbush restated an "outperform" rating and set a $1,200.00 price objective on shares of Netflix in a research note on Monday, May 5th. FBN Securities started coverage on Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price objective on the stock. Finally, Wolfe Research set a $1,340.00 price objective on Netflix and gave the stock an "outperform" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,214.52.

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.

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