Nippon Life Insurance Co. reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,044 shares of the Internet television network’s stock after selling 209 shares during the period. Nippon Life Insurance Co.’s holdings in Netflix were worth $2,248,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Clean Yield Group purchased a new stake in Netflix during the first quarter worth $103,000. TD Capital Management LLC purchased a new stake in Netflix during the second quarter worth $105,000. SRS Capital Advisors Inc. increased its stake in Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares during the period. Harfst & Associates Inc. purchased a new stake in Netflix during the first quarter worth $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 82.94% of the company’s stock.

Shares of Netflix, Inc. (NASDAQ NFLX) opened at 166.54 on Friday. The firm has a market cap of $71.90 billion, a price-to-earnings ratio of 202.60 and a beta of 1.02. The company has a 50 day moving average of $170.82 and a 200-day moving average of $154.74. Netflix, Inc. has a one year low of $93.26 and a one year high of $191.50.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the company posted $0.09 EPS. The business’s revenue was up 32.3% on a year-over-year basis. On average, analysts expect that Netflix, Inc. will post $1.19 EPS for the current year.

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A number of equities research analysts have weighed in on NFLX shares. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $170.00 target price on shares of Netflix in a research report on Tuesday, May 2nd. MKM Partners restated a “buy” rating and issued a $175.00 target price on shares of Netflix in a research report on Tuesday, April 25th. UBS AG restated a “buy” rating and issued a $175.00 target price on shares of Netflix in a research report on Monday, May 15th. Loop Capital restated a “buy” rating and issued a $180.00 target price (up from $172.00) on shares of Netflix in a research report on Tuesday, May 23rd. Finally, Canaccord Genuity restated a “buy” rating and issued a $165.00 target price on shares of Netflix in a research report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have issued a buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and a consensus price target of $175.12.

In related news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $176.41, for a total transaction of $352,820.00. Following the completion of the transaction, the director now directly owns 8,012 shares in the company, valued at approximately $1,413,396.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gregory K. Peters sold 6,853 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $164.29, for a total transaction of $1,125,879.37. Following the transaction, the insider now owns 19,943 shares of the company’s stock, valued at $3,276,435.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 389,801 shares of company stock valued at $64,889,201. 4.90% of the stock is owned by corporate insiders.

Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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