Tokio Marine Asset Management Co. Ltd. Acquires 667 Shares of Netflix, Inc. (NASDAQ:NFLX)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,688 shares of the Internet television network’s stock after acquiring an additional 667 shares during the period. Netflix makes up approximately 1.0% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 22nd largest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Netflix were worth $18,836,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Regent Peak Wealth Advisors LLC raised its position in Netflix by 1.6% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 21 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in Netflix by 5.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock worth $191,000 after purchasing an additional 22 shares during the last quarter. Centurion Wealth Management LLC raised its position in Netflix by 2.4% during the 4th quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock worth $479,000 after purchasing an additional 23 shares during the last quarter. Secure Asset Management LLC raised its position in Netflix by 2.7% during the 4th quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network’s stock worth $440,000 after purchasing an additional 24 shares during the last quarter. Finally, Key Financial Inc raised its position in Netflix by 14.4% during the 3rd quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock worth $75,000 after purchasing an additional 25 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of NASDAQ NFLX traded down $22.63 during midday trading on Wednesday, reaching $555.12. The company’s stock had a trading volume of 5,303,842 shares, compared to its average volume of 4,527,938. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00. The firm has a 50 day moving average price of $605.56 and a 200-day moving average price of $517.91. The stock has a market capitalization of $239.20 billion, a P/E ratio of 38.52, a PEG ratio of 1.41 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.88 EPS. As a group, equities analysts predict that Netflix, Inc. will post 17.87 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the sale, the chairman now owns 28 shares of the company’s stock, valued at approximately $17,091.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 160,106 shares of company stock valued at $92,729,716. 2.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Evercore ISI lifted their price objective on Netflix from $640.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Wedbush reissued an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research report on Friday, April 19th. Loop Capital lifted their price objective on Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Wells Fargo & Company lifted their price objective on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $630.58.

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.