Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Potentia Wealth acquired a new stake in Netflix during the 4th quarter worth about $382,000. PKS Advisory Services LLC purchased a new stake in shares of Netflix in the fourth quarter worth about $398,000. Prestige Wealth Management Group LLC grew its holdings in Netflix by 16.3% during the fourth quarter. Prestige Wealth Management Group LLC now owns 2,250 shares of the Internet television network's stock worth $2,005,000 after acquiring an additional 316 shares during the period. Signature Estate & Investment Advisors LLC raised its position in Netflix by 8.3% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 562 shares of the Internet television network's stock valued at $501,000 after acquiring an additional 43 shares in the last quarter. Finally, First American Trust FSB acquired a new position in Netflix in the fourth quarter valued at approximately $210,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 35,868 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the transaction, the chairman now directly owns 114 shares in the company, valued at $101,241.12. This trade represents a 99.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 288,103 shares of company stock worth $279,142,041. Company insiders own 1.76% of the company's stock.

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Analysts Set New Price Targets

NFLX has been the topic of a number of analyst reports. Moffett Nathanson raised shares of Netflix from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $850.00 to $1,100.00 in a research note on Monday, March 17th. Oppenheimer lifted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Phillip Securities lowered Netflix from a "hold" rating to a "moderate sell" rating in a research note on Friday, January 24th. Finally, Evercore ISI upped their price target on Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,016.78.

Netflix Trading Up 2.6 %

Shares of Netflix stock traded up $25.29 during mid-day trading on Tuesday, hitting $997.28. The stock had a trading volume of 3,775,858 shares, compared to its average volume of 3,487,108. The firm has a 50-day moving average of $965.09 and a two-hundred day moving average of $863.43. The firm has a market cap of $426.59 billion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter last year, the firm earned $2.11 earnings per share. The firm's quarterly revenue was up 16.0% compared to the same quarter last year. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

About Netflix

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.