Dai ichi Life Insurance Company Ltd Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

Dai ichi Life Insurance Company Ltd raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 24.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,740 shares of the Internet television network’s stock after purchasing an additional 4,307 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Netflix were worth $15,420,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NFLX. Waverly Advisors LLC lifted its position in shares of Netflix by 58.2% in the first quarter. Waverly Advisors LLC now owns 3,368 shares of the Internet television network’s stock valued at $2,046,000 after acquiring an additional 1,239 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Netflix by 26.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,670 shares of the Internet television network’s stock worth $1,014,000 after purchasing an additional 349 shares during the last quarter. Redwood Investment Management LLC increased its holdings in shares of Netflix by 10.7% in the 1st quarter. Redwood Investment Management LLC now owns 3,339 shares of the Internet television network’s stock worth $2,028,000 after buying an additional 324 shares during the last quarter. Creekmur Asset Management LLC raised its position in shares of Netflix by 560.0% during the 1st quarter. Creekmur Asset Management LLC now owns 99 shares of the Internet television network’s stock valued at $60,000 after buying an additional 84 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Netflix in the 1st quarter valued at about $290,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NASDAQ:NFLX opened at $865.59 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market cap of $370.00 billion, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. The company has a fifty day simple moving average of $758.78 and a two-hundred day simple moving average of $693.29. Netflix, Inc. has a 52 week low of $445.73 and a 52 week high of $908.00.

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

Wall Street Analyst Weigh In

NFLX has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group set a $750.00 price target on shares of Netflix in a report on Friday, October 18th. Morgan Stanley boosted their target price on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. raised their price target on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Evercore ISI boosted their price objective on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $764.82.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at $57,878.20. This trade represents a 99.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold a total of 185,866 shares of company stock worth $133,393,921 in the last 90 days. 1.76% of the stock is owned by insiders.

Netflix 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.