Netflix, Inc. (NFLX) Shares Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,340 shares of the Internet television network’s stock after selling 1,090 shares during the quarter. Netflix accounts for approximately 1.3% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 22nd biggest holding. Nippon Life Global Investors Americas Inc.’s holdings in Netflix were worth $17,337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its holdings in Netflix by 2.3% during the 2nd quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock valued at $10,739,434,000 after purchasing an additional 619,795 shares during the last quarter. FMR LLC grew its holdings in Netflix by 6.1% during the 2nd quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after purchasing an additional 1,534,290 shares during the last quarter. Edgewood Management LLC grew its holdings in Netflix by 2.3% during the 2nd quarter. Edgewood Management LLC now owns 2,523,740 shares of the Internet television network’s stock valued at $987,868,000 after purchasing an additional 55,566 shares during the last quarter. Morgan Stanley grew its holdings in Netflix by 1.6% during the 2nd quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock valued at $925,600,000 after purchasing an additional 37,425 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Netflix by 1.7% during the 3rd quarter. First Trust Advisors LP now owns 1,780,692 shares of the Internet television network’s stock valued at $666,210,000 after purchasing an additional 30,307 shares during the last quarter. Hedge funds and other institutional investors own 74.05% of the company’s stock.

In related news, CEO Reed Hastings sold 99,883 shares of the stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $368.25, for a total transaction of $36,781,914.75. Following the completion of the sale, the chief executive officer now owns 99,883 shares of the company’s stock, valued at $36,781,914.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David B. Wells sold 1,000 shares of the stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $305.70, for a total transaction of $305,700.00. Following the sale, the chief financial officer now directly owns 380 shares of the company’s stock, valued at approximately $116,166. The disclosure for this sale can be found here. Insiders have sold 322,155 shares of company stock valued at $109,863,328 in the last three months. 4.29% of the stock is currently owned by corporate insiders.

NASDAQ NFLX opened at $318.60 on Friday. Netflix, Inc. has a 52-week low of $178.38 and a 52-week high of $423.21. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $124.64 billion, a PE ratio of 253.90, a price-to-earnings-growth ratio of 3.62 and a beta of 0.89.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.21. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. Netflix’s revenue for the quarter was up 34.0% compared to the same quarter last year. On average, equities analysts predict that Netflix, Inc. will post 2.63 earnings per share for the current year.

Several brokerages recently commented on NFLX. ValuEngine upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Friday. BidaskClub downgraded shares of Netflix from a “hold” rating to a “sell” rating in a report on Wednesday. Morningstar set a $120.00 price target on shares of Netflix and gave the company a “sell” rating in a report on Monday. Nomura set a $370.00 price target on shares of Netflix and gave the company a “neutral” rating in a report on Monday. Finally, Macquarie set a $410.00 price target on shares of Netflix and gave the company a “buy” rating in a report on Monday. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company. Netflix has an average rating of “Buy” and an average price target of $377.41.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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