Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,418.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,670 shares of the Internet television network's stock after acquiring an additional 1,560 shares during the quarter. Netflix makes up approximately 2.9% of Mizuho Securities Co. Ltd.'s portfolio, making the stock its 8th biggest position. Mizuho Securities Co. Ltd.'s holdings in Netflix were worth $813,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC grew its holdings in Netflix by 1.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network's stock worth $635,000 after acquiring an additional 21 shares during the period. Centurion Wealth Management LLC grew its holdings in Netflix by 2.4% in the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network's stock valued at $479,000 after purchasing an additional 23 shares during the last quarter. Secure Asset Management LLC grew its holdings in Netflix by 2.7% in the fourth quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network's stock valued at $440,000 after purchasing an additional 24 shares during the last quarter. Key Financial Inc grew its holdings in Netflix by 14.4% in the third quarter. Key Financial Inc now owns 199 shares of the Internet television network's stock valued at $75,000 after purchasing an additional 25 shares during the last quarter. Finally, Lee Financial Co grew its holdings in Netflix by 18.2% in the third quarter. Lee Financial Co now owns 162 shares of the Internet television network's stock valued at $61,000 after purchasing an additional 25 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares in the company, valued at $717,379.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 20,566 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the sale, the chairman now owns 28 shares of the company's stock, valued at approximately $17,091.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 268,335 shares of company stock worth $151,619,811. 2.45% of the stock is currently owned by corporate insiders.

Netflix Trading Up 4.2 %

Shares of Netflix stock traded up $23.15 during trading hours on Tuesday, reaching $577.75. The stock had a trading volume of 4,942,177 shares, compared to its average volume of 4,517,395. The firm has a 50 day simple moving average of $606.05 and a two-hundred day simple moving average of $517.65. The firm has a market capitalization of $248.95 billion, a price-to-earnings ratio of 40.09, a P/E/G ratio of 1.49 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts' consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business posted $2.88 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 17.13 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on NFLX shares. TD Cowen upped their target price on Netflix from $600.00 to $725.00 and gave the company a "buy" rating in a report on Monday, April 8th. DZ Bank raised Netflix from a "hold" rating to a "buy" rating and set a $600.00 target price on the stock in a report on Thursday, January 25th. BMO Capital Markets reissued an "outperform" rating and issued a $713.00 target price (up previously from $638.00) on shares of Netflix in a report on Wednesday, April 17th. UBS Group upped their target price on Netflix from $570.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. Finally, Wedbush reaffirmed an "outperform" rating and set a $725.00 price objective on shares of Netflix in a research note on Friday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $630.58.

Netflix Company 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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