Mizuho Securities USA LLC Purchases 41,177 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mizuho Securities USA LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 123.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,405 shares of the Internet television network’s stock after buying an additional 41,177 shares during the quarter. Mizuho Securities USA LLC’s holdings in Netflix were worth $52,773,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in NFLX. Denver PWM LLC purchased a new position in Netflix in the 2nd quarter worth approximately $25,000. Proffitt & Goodson Inc. lifted its holdings in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. AlphaMark Advisors LLC grew its stake in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in Netflix in the 2nd quarter valued at $38,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Down 1.6 %

NFLX opened at $823.96 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $352.21 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 1.60 and a beta of 1.25. Netflix, Inc. has a 12 month low of $445.73 and a 12 month high of $841.00. The stock has a fifty day moving average price of $735.77 and a 200-day moving average price of $679.56.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. As a group, equities research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the sale, the chairman now owns 85 shares in the company, valued at approximately $57,878.20. This represents a 99.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 205,084 shares of company stock worth $146,747,101 in the last 90 days. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. Evercore ISI increased their price objective on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Guggenheim increased their price target on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. BMO Capital Markets restated an “outperform” rating and set a $825.00 price target (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Sanford C. Bernstein upped their price objective on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Finally, Loop Capital increased their target price on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $748.15.

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.