Netflix, Inc. $NFLX Shares Bought by Nan Shan Life Insurance Co. Ltd.

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Nan Shan Life Insurance Co. Ltd. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 68.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,052 shares of the Internet television network's stock after acquiring an additional 34,015 shares during the quarter. Netflix comprises 1.8% of Nan Shan Life Insurance Co. Ltd.'s holdings, making the stock its 13th largest holding. Nan Shan Life Insurance Co. Ltd.'s holdings in Netflix were worth $78,381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Brighton Jones LLC increased its stake in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after acquiring an additional 144 shares during the last quarter. BIP Wealth LLC increased its stake in Netflix by 23.8% during the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after acquiring an additional 87 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Netflix by 23.7% in the fourth quarter. Epoch Investment Partners Inc. now owns 673 shares of the Internet television network's stock valued at $600,000 after buying an additional 129 shares in the last quarter. Finally, Transce3nd LLC purchased a new stake in shares of Netflix in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NFLX shares. Citigroup reiterated a "neutral" rating and issued a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Pivotal Research reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Rosenblatt Securities boosted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. KeyCorp boosted their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insider Activity

In other Netflix news, insider David A. Hyman sold 424 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares of the company's stock, valued at $36,625,558.70. This represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the company's 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 value of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,307 shares of company stock worth $179,443,809 over the last quarter. 1.37% of the stock is owned by insiders.

Netflix Stock Up 0.5%

NFLX opened at $1,245.09 on Tuesday. The business has a 50 day moving average price of $1,231.65 and a two-hundred day moving average price of $1,105.79. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $529.08 billion, a PE ratio of 53.05, a P/E/G ratio of 2.09 and a beta of 1.59. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm 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%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.88 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.