Mizuho Securities USA LLC Purchases 12,684 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mizuho Securities USA LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 45.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,513 shares of the Internet television network's stock after acquiring an additional 12,684 shares during the period. Netflix accounts for 0.7% of Mizuho Securities USA LLC's investment portfolio, making the stock its 22nd biggest holding. Mizuho Securities USA LLC's holdings in Netflix were worth $36,110,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NFLX. West Michigan Advisors LLC boosted its holdings in Netflix by 1.3% in the 4th 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 period. Warwick Investment Management Inc. lifted its stake in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after buying an additional 10 shares during the period. MRP Capital Investments LLC grew its position in Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after buying an additional 10 shares in the last quarter. Enzi Wealth grew its position in Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock worth $316,000 after buying an additional 11 shares in the last quarter. Finally, TCI Wealth Advisors Inc. raised its holdings in Netflix by 1.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock valued at $624,000 after acquiring an additional 11 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, Chairman Reed Hastings sold 30,485 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the completion of the transaction, the chairman now directly owns 394 shares of the company's stock, valued at $386,876.48. This represents a 98.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $3,624,746.55. This represents a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 2.6 %

Shares of Netflix stock traded up $25.29 on Tuesday, hitting $997.28. 3,775,858 shares of the company's stock traded hands, compared to its average volume of 3,480,373. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The firm's 50-day moving average price is $961.71 and its two-hundred day moving average price is $861.09. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $426.59 billion, a PE ratio of 50.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

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 for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business posted $2.11 earnings per share. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent research reports. Piper Sandler reissued an "overweight" rating and set a $1,100.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Argus boosted their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Monday, January 6th. Barclays raised shares of Netflix from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Oppenheimer upped their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Citigroup raised their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,016.78.

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.