Rakuten Securities Inc. Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Rakuten Securities Inc. raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 46.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,626 shares of the Internet television network's stock after buying an additional 515 shares during the period. Rakuten Securities Inc.'s holdings in Netflix were worth $1,516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital & Planning LLC bought a new position in shares of Netflix in the fourth quarter worth approximately $809,000. Brighton Jones LLC boosted its position in shares of 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. Union Bancaire Privee UBP SA bought a new position in shares of Netflix during the fourth quarter worth $12,212,000. Revolve Wealth Partners LLC lifted its position 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 valued at $912,000 after purchasing an additional 144 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its position in Netflix by 29.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 439 shares of the Internet television network's stock valued at $392,000 after purchasing an additional 101 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,225.35 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The company has a 50 day simple moving average of $1,127.47 and a two-hundred day simple moving average of $1,003.32. The stock has a market cap of $521.47 billion, a price-to-earnings ratio of 61.79, a PEG ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the previous year, the firm earned $8.28 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ann Mather sold 1,358 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares of the company's stock, valued at $362,933.10. The trade was a 98.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NFLX has been the subject of several research reports. Macquarie increased their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Canaccord Genuity Group raised their target price on shares of Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Morgan Stanley raised their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, Wedbush reaffirmed an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a research report on Monday, May 5th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,156.73.

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.

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