Securian Asset Management Inc. Sells 382 Shares of Netflix, Inc. $NFLX

Key Points

• Securian Asset Management Inc. reduced its holdings in Netflix, Inc. by 1.7% in Q2, now owning 22,280 shares worth approximately $29.8 million.
• Several other institutional investors also adjusted their positions, with Optima Capital LLC increasing its holdings in Netflix by 3.5% during the same quarter.
• Netflix's current market capitalization stands at $526.30 billion, with a 1-year high of $1,341.15 and a 1-year low of $744.26.

Securian Asset Management Inc. lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,280 shares of the Internet television network's stock after selling 382 shares during the quarter. Netflix makes up 0.9% of Securian Asset Management Inc.'s portfolio, making the stock its 20th biggest position. Securian Asset Management Inc.'s holdings in Netflix were worth $29,836,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Optima Capital LLC raised its holdings in shares of Netflix by 3.5% during the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock valued at $320,000 after acquiring an additional 8 shares in the last quarter. Unified Investment Management raised its holdings in shares of Netflix by 1.7% during the second quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock valued at $635,000 after acquiring an additional 8 shares in the last quarter. Plancorp LLC grew its stake in Netflix by 0.6% in the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock worth $1,711,000 after purchasing an additional 8 shares during the period. Five Oceans Advisors grew its stake in Netflix by 1.1% in the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock worth $1,006,000 after purchasing an additional 8 shares during the period. Finally, Old Port Advisors grew its stake in Netflix by 1.3% in the second quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock worth $836,000 after purchasing an additional 8 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,238.56 on Tuesday. Netflix, Inc. has a 1-year low of $744.26 and a 1-year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The business has a fifty day moving average price of $1,213.87 and a 200-day moving average price of $1,182.08. The company has a market capitalization of $526.30 billion, a PE ratio of 52.77, a PEG ratio of 2.02 and a beta of 1.59.

Insider Activity

In other news, insider David A. Hyman sold 424 shares of the firm's stock in a transaction 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 transaction, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director owned 394 shares of the company's stock, valued at $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. Robert W. Baird upped their price target on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a research note on Tuesday, October 14th. Cowen reaffirmed a "buy" rating on shares of Netflix in a research note on Tuesday, October 7th. TD Cowen reduced their price target on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating on the stock in a research note on Tuesday, October 7th. Finally, UBS Group reaffirmed a "buy" rating and issued a $1,495.00 price target on shares of Netflix in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,339.81.

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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

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.