Meiji Yasuda Asset Management Co Ltd. Trims Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Meiji Yasuda Asset Management Co Ltd. decreased its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,215 shares of the Internet television network’s stock after selling 834 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Netflix were worth $10,887,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NFLX. Vanguard Group Inc. boosted its position in Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after purchasing an additional 171,712 shares in the last quarter. State Street Corp grew its stake in Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Netflix by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock valued at $6,464,736,000 after purchasing an additional 123,029 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Netflix by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after acquiring an additional 23,702 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Netflix by 1.0% in the 4th quarter. Fisher Asset Management LLC now owns 4,527,446 shares of the Internet television network’s stock valued at $4,035,404,000 after purchasing an additional 45,507 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NFLX. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Evercore ISI boosted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Macquarie raised their target price on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. KeyCorp boosted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley increased their price objective on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,016.78.

Netflix Stock Up 1.2 %

Shares of NASDAQ NFLX opened at $971.99 on Tuesday. The firm has a market cap of $415.78 billion, a P/E ratio of 49.02, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. 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 1 year low of $542.01 and a 1 year high of $1,064.50. The firm’s 50 day moving average price is $961.71 and its 200 day moving average price is $861.09.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the business earned $2.11 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $994.63, for a total value of $421,723.12. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $31,440,254.30. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 288,103 shares of company stock worth $279,142,041 in the last three months. Company insiders own 1.76% of the company’s stock.

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.