Nissay Asset Management Corp Japan ADV Sells 1,390 Shares of Netflix, Inc. (NASDAQ:NFLX)

Nissay Asset Management Corp Japan ADV reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 134,524 shares of the Internet television network's stock after selling 1,390 shares during the period. Netflix accounts for approximately 0.7% of Nissay Asset Management Corp Japan ADV's portfolio, making the stock its 23rd largest holding. Nissay Asset Management Corp Japan ADV's holdings in Netflix were worth $122,087,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC raised its position in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares in the last quarter. Transce3nd LLC bought a new position in Netflix during the 4th quarter worth approximately $32,000. Newton One Investments LLC bought a new position in shares of Netflix during the fourth quarter valued at about $34,000. Pineridge Advisors LLC boosted its holdings in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its position in Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after buying an additional 16 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total value of $2,554,312.05. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $3,624,746.55. This trade represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the transaction, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47% decrease in their ownership of the stock. 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. 1.76% of the stock is owned by company insiders.

Netflix Stock Up 2.6%

NASDAQ:NFLX opened at $1,138.44 on Wednesday. The company's 50-day simple moving average is $991.99 and its 200-day simple moving average is $938.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,164.00. The stock has a market capitalization 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.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the previous year, the business earned $8.28 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NFLX shares. Sanford C. Bernstein raised shares of Netflix from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Wells Fargo & Company increased their price target on Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Benchmark restated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Netflix 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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