Netflix, Inc. (NASDAQ:NFLX) Position Boosted by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,286 shares of the Internet television network’s stock after acquiring an additional 1,700 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Netflix were worth $11,666,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Denver PWM LLC purchased a new position in Netflix during the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC lifted its holdings in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after buying an additional 20 shares during the last quarter. VitalStone Financial LLC lifted its holdings in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in shares of Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after buying an additional 62 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of Netflix during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX opened at $706.91 on Wednesday. The stock’s 50 day simple moving average is $660.64 and its 200-day simple moving average is $639.15. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $711.33. The stock has a market cap of $304.68 billion, a PE ratio of 49.06, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same period in the prior year, the business posted $3.29 earnings per share. The business’s revenue was up 16.8% compared to the same quarter last year. Sell-side analysts forecast that Netflix, Inc. will post 19.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NFLX. Jefferies Financial Group lifted their price target on Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Sunday. Macquarie reiterated an “outperform” rating and set a $685.00 price target on shares of Netflix in a report on Tuesday, July 16th. Argus lifted their price target on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Finally, Redburn Atlantic boosted their target price on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $685.29.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Netflix news, insider David A. Hyman sold 13,791 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $22,127,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. Insiders have sold 196,798 shares of company stock worth $129,552,672 over the last three months. Company insiders own 1.76% of the company’s stock.

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.