Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 24.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,740 shares of the Internet television network’s stock after acquiring an additional 4,307 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Netflix were worth $15,420,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Qsemble Capital Management LP purchased a new stake in Netflix during the 3rd quarter worth $209,000. Capital Square LLC increased its holdings in Netflix by 5.5% during the 3rd quarter. Capital Square LLC now owns 906 shares of the Internet television network’s stock worth $643,000 after purchasing an additional 47 shares during the last quarter. Associated Banc Corp increased its stake in shares of Netflix by 374.2% in the third quarter. Associated Banc Corp now owns 6,312 shares of the Internet television network’s stock worth $4,477,000 after buying an additional 4,981 shares during the last quarter. Private Trust Co. NA grew its stake in Netflix by 11.5% in the third quarter. Private Trust Co. NA now owns 2,699 shares of the Internet television network’s stock worth $1,914,000 after purchasing an additional 278 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Netflix in the 3rd quarter valued at approximately $240,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent research reports. Bank of America raised their price target on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. BMO Capital Markets reissued an “outperform” rating and set a $825.00 target price (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Oppenheimer increased their price target on Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Canaccord Genuity Group lifted their price objective on shares of Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $764.82.

Netflix Price Performance

Netflix stock opened at $865.59 on Tuesday. Netflix, Inc. has a 52 week low of $445.73 and a 52 week high of $908.00. The firm has a market cap of $370.00 billion, a P/E ratio of 48.99, a P/E/G ratio of 1.73 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The business’s fifty day moving average is $758.78 and its two-hundred day moving average is $693.29.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Equities research analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,392 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,490,250. This represents a 25.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,866 shares of company stock worth $133,393,921 in the last quarter. Insiders own 1.76% of the company’s stock.

Netflix 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.