Nan Shan Life Insurance Co. Ltd. Has $44.60 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Nan Shan Life Insurance Co. Ltd. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 21.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,037 shares of the Internet television network’s stock after buying an additional 8,734 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in Netflix were worth $44,599,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. West Michigan Advisors LLC boosted its stake in Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after acquiring an additional 10 shares during the last quarter. Warwick Investment Management Inc. lifted its holdings in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after purchasing an additional 10 shares in the last quarter. MRP Capital Investments LLC lifted its position in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after purchasing an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC raised its holdings in Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock worth $412,000 after acquiring an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. grew its position in shares of Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock valued at $3,410,000 after acquiring an additional 10 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Cfra Research upgraded shares of Netflix to a “strong-buy” rating in a research report on Monday, April 28th. Citigroup reaffirmed a “neutral” rating on shares of Netflix in a research note on Monday, May 5th. Wells Fargo & Company boosted their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Finally, Moffett Nathanson reaffirmed a “buy” rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,084.91.

Netflix Price Performance

NFLX opened at $1,138.44 on Wednesday. The company has a 50 day moving average of $991.99 and a two-hundred day moving average of $938.19. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,164.00. 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 company has a market cap of $484.49 billion, a P/E ratio of 57.41, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the prior year, the business earned $8.28 EPS. On average, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 298 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $35,972,180. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 1,358 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock worth $138,483,256 in the last ninety days. 1.76% of the stock is owned by insiders.

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.