Daiwa Securities Group Inc. Acquires 3,430 Shares of Netflix, Inc. (NASDAQ:NFLX)

Daiwa Securities Group Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 151,200 shares of the Internet television network’s stock after purchasing an additional 3,430 shares during the period. Daiwa Securities Group Inc.’s holdings in Netflix were worth $73,617,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC bought a new stake in Netflix during the 3rd quarter worth about $25,000. Spartan Planning & Wealth Management bought a new stake in Netflix during the 3rd quarter worth about $26,000. Carmel Capital Partners LLC raised its holdings in shares of Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in shares of Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 35 shares during the period. Finally, Evermay Wealth Management LLC raised its holdings in shares of Netflix by 94.9% in the 1st quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock valued at $40,000 after purchasing an additional 56 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 268,335 shares of company stock worth $151,619,811. Company insiders own 2.45% of the company’s stock.

Netflix Trading Down 0.6 %

Shares of NASDAQ:NFLX traded down $3.83 during mid-day trading on Wednesday, reaching $613.69. 3,298,417 shares of the company’s stock were exchanged, compared to its average volume of 4,241,472. The firm has a market capitalization of $265.58 billion, a price-to-earnings ratio of 51.02, a PEG ratio of 1.64 and a beta of 1.22. The business’s fifty day moving average price is $603.65 and its 200-day moving average price is $510.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. Netflix’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. On average, research analysts predict that Netflix, Inc. will post 17.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Guggenheim upped their target price on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday. Seaport Res Ptn cut shares of Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. UBS Group upped their target price on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Wells Fargo & Company increased their price target on shares of Netflix from $460.00 to $650.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $605.76.

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.