Daiwa Securities Group Inc. Has $73.62 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Daiwa Securities Group Inc. raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 151,200 shares of the Internet television network's stock after acquiring an additional 3,430 shares during the period. Daiwa Securities Group Inc.'s holdings in Netflix were worth $73,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Norges Bank purchased a new stake in Netflix during the 4th quarter valued at approximately $1,501,762,000. Moneta Group Investment Advisors LLC raised its stake in Netflix by 117,939.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network's stock valued at $808,575,000 after acquiring an additional 2,739,725 shares during the last quarter. International Assets Investment Management LLC increased its position in Netflix by 15,039.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network's stock worth $1,010,553,000 after purchasing an additional 2,061,859 shares during the period. Alliancebernstein L.P. increased its position in Netflix by 202.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,790,092 shares of the Internet television network's stock worth $788,518,000 after purchasing an additional 1,198,774 shares during the period. Finally, Barclays PLC increased its position in Netflix by 113.1% during the 2nd quarter. Barclays PLC now owns 1,869,385 shares of the Internet television network's stock worth $823,446,000 after purchasing an additional 992,193 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.6 %

Shares of Netflix stock traded down $3.83 during trading hours on Wednesday, reaching $613.69. 3,273,978 shares of the company's stock were exchanged, compared to its average volume of 4,241,472. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $639.00. The firm has a market capitalization of $265.58 billion, a price-to-earnings ratio of 51.10, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22. The company has a fifty day moving average of $604.73 and a 200-day moving average of $511.17. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The business had revenue of $8.83 billion for the quarter, compared to analysts' expectations of $8.72 billion. During the same period in the prior year, the company earned $0.12 EPS. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. Sell-side analysts forecast that Netflix, Inc. will post 17.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 47,574 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $17,003,651.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $17,575,476.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 47,574 shares of the firm's stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NFLX. Pivotal Research boosted their target price on Netflix from $700.00 to $765.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Macquarie boosted their target price on Netflix from $595.00 to $685.00 and gave the stock an "outperform" rating in a research report on Tuesday. The Goldman Sachs Group boosted their target price on Netflix from $500.00 to $565.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 24th. Wells Fargo & Company boosted their target price on Netflix from $460.00 to $650.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 24th. Finally, Oppenheimer boosted their target price on Netflix from $615.00 to $725.00 and gave the stock an "outperform" rating in a research report on Monday, March 11th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $605.76.

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.