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

Tokio Marine Asset Management Co. Ltd. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,688 shares of the Internet television network’s stock after purchasing an additional 667 shares during the period. Netflix comprises approximately 1.0% of Tokio Marine Asset Management Co. Ltd.’s holdings, making the stock its 22nd largest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Netflix were worth $18,836,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Jennison Associates LLC raised its position in shares of Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after purchasing an additional 1,573,978 shares in the last quarter. Northern Trust Corp raised its position in shares of Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after purchasing an additional 96,938 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Netflix by 5.3% in the 3rd quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock valued at $1,051,123,000 after purchasing an additional 139,165 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Netflix by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock valued at $903,834,000 after purchasing an additional 14,364 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after purchasing an additional 2,061,859 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Down 3.9 %

Shares of NASDAQ NFLX traded down $22.63 during mid-day trading on Wednesday, hitting $555.12. 5,303,842 shares of the company traded hands, compared to its average volume of 4,527,938. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00. The stock has a market capitalization of $239.20 billion, a price-to-earnings ratio of 38.52, a PEG ratio of 1.41 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average of $605.56 and a two-hundred day moving average of $517.91.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the prior year, the business posted $2.88 earnings per share. Netflix’s revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Netflix, Inc. will post 17.87 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Netflix news, CEO Gregory K. Peters sold 5,533 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $575.00, for a total value of $3,181,475.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,526,750. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 160,106 shares of company stock valued at $92,729,716. Company insiders own 2.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NFLX shares. DZ Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target for the company in a report on Thursday, January 25th. Oppenheimer reiterated an “outperform” rating and issued a $725.00 price target on shares of Netflix in a report on Friday, April 19th. Jefferies Financial Group boosted their price target on Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, March 12th. Benchmark reiterated a “sell” rating and issued a $440.00 price target on shares of Netflix in a report on Thursday, April 18th. Finally, KeyCorp boosted their price target on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $630.58.

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.