Nippon Life Global Investors Americas Inc. Trims Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Nippon Life Global Investors Americas Inc. reduced its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,700 shares of the Internet television network's stock after selling 8,600 shares during the quarter. Netflix comprises 1.8% of Nippon Life Global Investors Americas Inc.'s holdings, making the stock its 16th largest holding. Nippon Life Global Investors Americas Inc.'s holdings in Netflix were worth $39,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock valued at $1,200,485,000 after buying an additional 198,148 shares during the period. McIlrath & Eck LLC increased its holdings in shares of Netflix by 13.8% during the third quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network's stock valued at $175,000 after acquiring an additional 30 shares in the last quarter. Advisory Resource Group raised its position in shares of Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock worth $1,238,000 after purchasing an additional 12 shares during the period. Virtu Financial LLC grew its position in Netflix by 356.5% in the 3rd quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network's stock valued at $9,844,000 after purchasing an additional 10,839 shares during the period. Finally, SOA Wealth Advisors LLC. increased its stake in Netflix by 1.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,515 shares of the Internet television network's stock valued at $1,075,000 after purchasing an additional 18 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 0.4 %

Shares of NASDAQ:NFLX traded up $4.66 during trading on Friday, hitting $1,101.53. 3,944,668 shares of the company were exchanged, compared to its average volume of 4,957,648. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average price of $954.61 and a two-hundred day moving average price of $901.03. Netflix, Inc. has a fifty-two week low of $544.25 and a fifty-two week high of $1,106.80. The stock has a market cap of $471.19 billion, a price-to-earnings ratio of 55.55, a P/E/G ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the company earned $8.28 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several analyst reports. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Wolfe Research upgraded shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 target price for the company in a research report on Thursday, January 23rd. Wedbush boosted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday. Needham & Company LLC restated a "buy" rating and issued a $1,126.00 target price on shares of Netflix in a research note on Thursday, April 17th. Finally, Wells Fargo & Company upped their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a report on Monday. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,072.12.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 102,228 shares of Netflix 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 completion of the sale, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 273,855 shares of company stock worth $267,474,816 over the last quarter. Corporate insiders own 1.76% of the company's stock.

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.