Securian Asset Management Inc. Has $21.13 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Securian Asset Management Inc. cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,662 shares of the Internet television network's stock after selling 312 shares during the period. Netflix makes up approximately 0.6% of Securian Asset Management Inc.'s holdings, making the stock its 28th biggest position. Securian Asset Management Inc.'s holdings in Netflix were worth $21,133,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC raised its position in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new position in Netflix in the 4th quarter worth about $27,000. Transce3nd LLC acquired a new stake in Netflix during the 4th quarter worth about $32,000. Copia Wealth Management purchased a new stake in Netflix during the fourth quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 620 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Reed Hastings sold 9,673 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the completion of the sale, the director directly owned 394 shares in the company, valued at $523,669.34. This trade represents a 96.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock valued at $223,307,201 in the last quarter. Insiders own 1.37% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NFLX. Macquarie boosted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a research note on Thursday. Oppenheimer raised their target price on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Barclays reiterated a "sell" rating and set a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,220.58.

Netflix Stock Performance

Shares of Netflix stock traded up $16.84 on Monday, reaching $1,261.95. The stock had a trading volume of 2,774,453 shares, compared to its average volume of 4,257,667. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The business's 50-day moving average price is $1,221.70 and its two-hundred day moving average price is $1,050.73. The stock has a market cap of $537.05 billion, a P/E ratio of 59.64, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The firm 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 quarter last year, the firm posted $8.28 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.