Rakuten Securities Inc. Invests $828,000 in Netflix, Inc. (NASDAQ:NFLX)

Rakuten Securities Inc. purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,700 shares of the Internet television network’s stock, valued at approximately $828,000. Netflix makes up about 0.7% of Rakuten Securities Inc.’s holdings, making the stock its 28th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Slow Capital Inc. lifted its stake in shares of Netflix by 0.4% in the fourth quarter. Slow Capital Inc. now owns 30,629 shares of the Internet television network’s stock worth $14,912,000 after buying an additional 115 shares in the last quarter. Elite Wealth Management Inc. purchased a new position in Netflix during the fourth quarter worth about $437,000. Tyche Wealth Partners LLC purchased a new position in Netflix during the fourth quarter worth about $1,387,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Netflix by 93.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 175,070 shares of the Internet television network’s stock worth $85,238,000 after purchasing an additional 84,415 shares during the period. Finally, Everence Capital Management Inc. raised its stake in Netflix by 1.2% during the fourth quarter. Everence Capital Management Inc. now owns 11,970 shares of the Internet television network’s stock worth $5,828,000 after purchasing an additional 140 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Redburn Atlantic upped their price target on shares of Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Wells Fargo & Company raised their price target on shares of Netflix from $460.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Guggenheim raised their price target on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a report on Monday. Finally, Jefferies Financial Group increased their price objective on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $603.48.

Netflix Stock Down 1.1 %

NASDAQ:NFLX traded down $6.62 during trading hours on Wednesday, hitting $610.90. The stock had a trading volume of 1,638,734 shares, compared to its average volume of 4,218,065. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The business has a 50 day simple moving average of $603.65 and a two-hundred day simple moving average of $510.44. The company has a market cap of $264.37 billion, a PE ratio of 51.23, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm had revenue of $8.83 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same period last year, the business earned $0.12 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. Analysts predict that Netflix, Inc. will post 17.03 EPS for the current year.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 47,574 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is currently owned by corporate 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.