Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. reduced its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,967 shares of the Internet television network's stock after selling 1,403 shares during the quarter. Netflix comprises approximately 1.1% of Tokio Marine Asset Management Co. Ltd.'s portfolio, making the stock its 19th biggest holding. Tokio Marine Asset Management Co. Ltd.'s holdings in Netflix were worth $31,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NFLX. State Street Corp increased its stake in shares of 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 purchasing an additional 426,740 shares during the period. Geode Capital Management LLC raised its stake in shares of Netflix by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network's stock valued at $6,464,736,000 after purchasing an additional 123,029 shares in the last quarter. Jennison Associates LLC boosted its holdings in Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock valued at $4,958,417,000 after purchasing an additional 316,594 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock worth $4,080,522,000 after buying an additional 5,748,200 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network's stock worth $3,473,571,000 after acquiring an additional 23,702 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Ratings Changes

NFLX has been the topic of several analyst reports. Wedbush reissued an "outperform" rating and issued a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Wolfe Research upgraded shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group increased their price target on Netflix from $780.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Finally, Robert W. Baird lifted their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,021.70.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 281,026 shares of company stock valued at $267,211,135. 1.76% of the stock is currently owned by insiders.

Netflix Trading Up 1.1 %

NASDAQ NFLX traded up $11.42 during trading on Wednesday, hitting $1,006.29. The stock had a trading volume of 2,679,111 shares, compared to its average volume of 4,456,767. The stock has a 50 day simple moving average of $909.38 and a 200 day simple moving average of $784.44. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,011.83. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $430.45 billion, a price-to-earnings ratio of 50.75, a P/E/G ratio of 2.02 and a beta of 1.27.

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

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.