Nomura Asset Management Co. Ltd. Sells 3,885 Shares of Netflix, Inc. (NASDAQ:NFLX)

Nomura Asset Management Co. Ltd. trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,544 shares of the Internet television network's stock after selling 3,885 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Netflix were worth $155,575,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. West Michigan Advisors LLC boosted its stake in Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after buying an additional 10 shares in the last quarter. Warwick Investment Management Inc. lifted its holdings in shares of Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC increased its stake in Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after acquiring an additional 10 shares during the period. Enzi Wealth raised its position in Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock worth $316,000 after purchasing an additional 11 shares in the last quarter. Finally, TCI Wealth Advisors Inc. lifted its stake in Netflix by 1.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock worth $624,000 after purchasing an additional 11 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

NFLX has been the subject of several recent analyst reports. Canaccord Genuity Group raised shares of Netflix from a "hold" rating to a "buy" rating and raised their price objective for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Robert W. Baird lifted their target price on Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Wedbush reiterated an "outperform" rating and issued a $1,150.00 price objective (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. UBS Group reaffirmed a "buy" rating on shares of Netflix in a research note on Monday, March 10th. Finally, StockNews.com downgraded Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,021.02.

Insider Transactions at Netflix

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the business's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the firm'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 completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $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. Insiders have sold 288,583 shares of company stock valued at $279,611,567 over the last ninety days. 1.76% of the stock is owned by company insiders.

Netflix Trading Down 1.2 %

Netflix stock traded down $11.28 during trading hours on Monday, reaching $922.57. 2,035,546 shares of the company's stock were exchanged, compared to its average volume of 4,547,396. The firm has a market capitalization of $394.64 billion, a PE ratio of 46.54, a PEG 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. The firm's 50 day simple moving average is $971.74 and its 200 day simple moving average is $869.42. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50.

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

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.