Netflix, Inc. (NASDAQ:NFLX) Position Boosted by Nan Shan Life Insurance Co. Ltd.

Nan Shan Life Insurance Co. Ltd. raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,037 shares of the Internet television network's stock after purchasing an additional 8,734 shares during the quarter. Nan Shan Life Insurance Co. Ltd.'s holdings in Netflix were worth $44,599,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after purchasing an additional 171,712 shares in the last quarter. FMR LLC grew its holdings in shares of Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after purchasing an additional 375,234 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock valued at $8,287,823,000 after acquiring an additional 175,596 shares in the last quarter. Norges Bank bought a new position in shares of Netflix during the 4th quarter worth approximately $5,019,087,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Netflix by 1.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock worth $4,582,568,000 after purchasing an additional 82,564 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 2.6%

Shares of NASDAQ NFLX opened at $1,138.44 on Wednesday. The company has a market cap of $484.49 billion, a P/E ratio of 57.41, a P/E/G ratio of 2.12 and a beta of 1.58. 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 $1,164.00. The stock has a fifty day moving average price of $991.99 and a 200 day moving average price of $938.19.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates 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 22.34% and a return on equity of 38.32%. During the same period in the prior year, the firm posted $8.28 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Director Ann Mather sold 1,358 shares of the company's stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cletus R. Willems sold 298 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $35,972,180. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,868 shares of company stock worth $138,483,256. Insiders own 1.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NFLX. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Needham & Company LLC reissued a "buy" rating and set a $1,126.00 target price on shares of Netflix in a report on Thursday, April 17th. Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective for the company in a report on Thursday, January 23rd. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. Finally, Macquarie lifted their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,084.91.

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.

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