Netflix, Inc. (NASDAQ:NFLX) Holdings Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 217,906 shares of the Internet television network’s stock after purchasing an additional 11,741 shares during the quarter. Netflix accounts for about 0.7% of Asset Management One Co. Ltd.’s portfolio, making the stock its 23rd biggest position. Asset Management One Co. Ltd.’s holdings in Netflix were worth $203,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. West Michigan Advisors LLC grew its stake in shares of Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after purchasing an additional 10 shares during the last quarter. Warwick Investment Management Inc. lifted its holdings in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after buying an additional 10 shares in the last quarter. MRP Capital Investments LLC boosted its position in Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock valued at $938,000 after buying an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC increased its stake in shares of Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock valued at $412,000 after buying an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. raised its position in shares of Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock worth $3,410,000 after acquiring an additional 10 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NFLX shares. Wolfe Research set a $1,340.00 price objective on Netflix and gave the stock an “outperform” rating in a research report on Friday, May 16th. Bank of America boosted their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, March 24th. Benchmark reaffirmed a “hold” rating on shares of Netflix in a report on Monday, April 21st. Finally, Pivotal Research increased their target price on Netflix from $1,350.00 to $1,600.00 and gave the company a “buy” rating in a research note on Friday. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $1,172.73.

Netflix Stock Performance

Shares of NFLX opened at $1,253.54 on Tuesday. The stock has a market capitalization of $533.47 billion, a price-to-earnings ratio of 59.24, a PEG ratio of 2.38 and a beta of 1.59. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The firm has a fifty day simple moving average of $1,157.24 and a 200 day simple moving average of $1,014.42. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the previous year, the firm posted $8.28 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,402,068.52. The trade was a 41.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag sold 31,750 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the sale, the director now directly owns 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,660 shares of company stock worth $209,802,025. Corporate insiders own 1.37% of the company’s stock.

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.