SBI Securities Co. Ltd. Makes New $9.11 Million Investment in Netflix, Inc. (NASDAQ:NFLX)

SBI Securities Co. Ltd. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 10,215 shares of the Internet television network’s stock, valued at approximately $9,105,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB raised its position in Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after purchasing an additional 8,024 shares in the last quarter. Principal Securities Inc. lifted its stake in Netflix by 8.5% in the third quarter. Principal Securities Inc. now owns 7,333 shares of the Internet television network’s stock valued at $5,201,000 after buying an additional 572 shares during the last quarter. Focus Financial Network Inc. increased its holdings in shares of Netflix by 0.9% in the third quarter. Focus Financial Network Inc. now owns 2,667 shares of the Internet television network’s stock valued at $1,892,000 after purchasing an additional 23 shares during the period. Shepherd Financial Partners LLC acquired a new stake in Netflix in the third quarter valued at about $200,000. Finally, Eads & Heald Wealth Management raised its stake in shares of Netflix by 1.7% during the 3rd quarter. Eads & Heald Wealth Management now owns 3,358 shares of the Internet television network’s stock worth $2,382,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,380 shares of company stock valued at $290,016,164. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on NFLX shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. Loop Capital raised their target price on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Pivotal Research upped their target price on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and lifted their price target for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Performance

NFLX stock opened at $980.56 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The business’s 50-day moving average price is $947.72 and its two-hundred day moving average price is $832.09. The firm has a market cap of $419.44 billion, a PE ratio of 49.45, a P/E/G ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.