Meiji Yasuda Asset Management Co Ltd. Has $10.84 Million Position in Netflix, Inc. $NFLX

Key Points

• Meiji Yasuda Asset Management Co Ltd. reduced its position in Netflix, Inc. by 4.9%, now holding 11,619 shares valued at approximately $10.8 million.
• Insiders, including Director Reed Hastings, sold a total of 89,348 shares of Netflix stock in the last ninety days, amounting to around $109.5 million in sales.
• Despite insider selling, Netflix received mixed ratings from analysts, with 22 Buy, 10 Hold, and 3 Sell ratings, leading to an average target price of $1,317.58.

Meiji Yasuda Asset Management Co Ltd. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,619 shares of the Internet television network's stock after selling 596 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Netflix were worth $10,835,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC raised its holdings 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 worth $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter worth about $27,000. Copia Wealth Management acquired a new position in Netflix during the fourth quarter worth about $37,000. Stuart Chaussee & Associates Inc. raised its stake in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Netflix during the first quarter worth about $42,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,348 shares of company stock valued at $109,498,489. Corporate insiders own 1.37% of the company's stock.

Netflix Trading Up 1.5%

NASDAQ NFLX traded up $18.49 on Tuesday, reaching $1,263.25. The company had a trading volume of 2,215,844 shares, compared to its average volume of 2,443,071. The firm has a market cap of $536.79 billion, a price-to-earnings ratio of 53.82, a P/E/G ratio of 2.10 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15. The business has a 50 day moving average of $1,222.86 and a two-hundred day moving average of $1,127.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Barclays reiterated a "sell" rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Zacks Research downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Wells Fargo & Company upped their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Robert W. Baird upped their target price on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.

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.