Mitsubishi UFJ Trust & Banking Corp Has $345.65 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Mitsubishi UFJ Trust & Banking Corp cut its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,799 shares of the Internet television network's stock after selling 19,035 shares during the period. Netflix accounts for 0.8% of Mitsubishi UFJ Trust & Banking Corp's portfolio, making the stock its 14th largest position. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of Netflix worth $345,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its stake in shares of Netflix by 123,836.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after purchasing an additional 1,924,423 shares in the last quarter. State Street Corp increased its holdings in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after buying an additional 426,740 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in Netflix by 112,896.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock valued at $340,420,000 after buying an additional 381,590 shares in the last quarter. KBC Group NV lifted its holdings in Netflix by 226.3% during the 4th quarter. KBC Group NV now owns 399,186 shares of the Internet television network's stock worth $355,803,000 after buying an additional 276,865 shares during the last quarter. Finally, GQG Partners LLC grew its position in shares of Netflix by 15.4% in the 4th quarter. GQG Partners LLC now owns 1,905,043 shares of the Internet television network's stock worth $1,698,003,000 after acquiring an additional 253,594 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 685 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,726,322.87. The trade was a 15.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is currently owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $25.29 during trading on Tuesday, hitting $997.28. The company had a trading volume of 3,775,858 shares, compared to its average volume of 3,487,108. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The business's 50-day moving average is $965.09 and its 200 day moving average is $863.43. The company has a market cap of $426.59 billion, a P/E ratio of 50.29, a PEG ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the firm earned $2.11 earnings per share. Netflix's revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NFLX shares. Evercore ISI lifted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Benchmark upgraded Netflix from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. Argus increased their price target on Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Phillip Securities downgraded Netflix from a "hold" rating to a "moderate sell" rating in a report on Friday, January 24th. Finally, Needham & Company LLC upped their price objective on Netflix from $800.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Ten 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,016.78.

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.