Mizuho Securities USA LLC Reduces Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Mizuho Securities USA LLC trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,829 shares of the Internet television network's stock after selling 5,399 shares during the quarter. Netflix comprises approximately 0.4% of Mizuho Securities USA LLC's portfolio, making the stock its 28th largest holding. Mizuho Securities USA LLC's holdings in Netflix were worth $19,738,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NFLX. Denver PWM LLC purchased a new position in Netflix in the 2nd quarter worth approximately $25,000. Proffitt & Goodson Inc. raised its position in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network's stock valued at $32,000 after buying an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock valued at $34,000 after buying an additional 42 shares during the period. AlphaMark Advisors LLC raised its position in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network's stock valued at $35,000 after buying an additional 45 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix during the 3rd quarter valued at approximately $37,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Anne M. Sweeney sold 589 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,074 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the completion of the sale, the chairman now owns 85 shares of the company's stock, valued at approximately $57,878.20. The trade was a 99.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,866 shares of company stock valued at $133,393,921. Insiders own 1.76% of the company's stock.

Netflix Stock Performance

NFLX traded up $12.20 on Thursday, reaching $896.05. The company had a trading volume of 3,718,821 shares, compared to its average volume of 3,667,581. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $908.00. The stock has a market capitalization of $383.03 billion, a PE ratio of 50.30, a P/E/G ratio of 1.68 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $747.20 and a 200-day moving average price of $686.80.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts' consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.77 billion. As a group, research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on NFLX shares. Loop Capital lifted their price target on shares of Netflix from $750.00 to $800.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. BMO Capital Markets reaffirmed an "outperform" rating and set a $825.00 price target (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Oppenheimer lifted their price target on shares of Netflix from $775.00 to $825.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Rosenblatt Securities lifted their target price on shares of Netflix from $635.00 to $680.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Finally, Evercore ISI lifted their target price on shares of Netflix from $750.00 to $775.00 and gave the company an "outperform" rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $764.82.

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.