Meiji Yasuda Life Insurance Co Has $11.67 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Meiji Yasuda Life Insurance Co grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 10.9% during the second quarter, Holdings Channel.com reports. The firm owned 17,286 shares of the Internet television network’s stock after acquiring an additional 1,700 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Netflix were worth $11,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Precision Wealth Strategies LLC boosted its holdings in Netflix by 3.5% in the fourth quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock valued at $1,190,000 after acquiring an additional 83 shares during the last quarter. Gilbert & Cook Inc. boosted its holdings in Netflix by 5.9% in the fourth quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock valued at $1,060,000 after acquiring an additional 121 shares during the last quarter. Aveo Capital Partners LLC boosted its holdings in Netflix by 6.9% in the fourth quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after acquiring an additional 43 shares during the last quarter. Gryphon Financial Partners LLC boosted its holdings in Netflix by 20.4% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,971 shares of the Internet television network’s stock valued at $1,933,000 after acquiring an additional 674 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in Netflix by 11.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,275 shares of the Internet television network’s stock valued at $1,108,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $706.91 on Wednesday. The stock has a 50 day moving average of $660.64 and a 200-day moving average of $639.15. The company has a market capitalization of $304.68 billion, a P/E ratio of 49.06, a P/E/G ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $711.33. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.29 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 22,526 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $670.49, for a total value of $15,103,457.74. Following the sale, the chairman now owns 57 shares of the company’s stock, valued at $38,217.93. The disclosure for this sale can be found here. Insiders sold 196,798 shares of company stock worth $129,552,672 in the last ninety days. 1.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent research reports. KeyCorp raised their price target on Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Macquarie reiterated an “outperform” rating and issued a $685.00 price target on shares of Netflix in a report on Tuesday, July 16th. Guggenheim raised their target price on Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Loop Capital raised their target price on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, The Goldman Sachs Group raised their target price on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $685.29.

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.