Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.8% in the fourth quarter, Holdings Channel reports. The firm owned 51,501 shares of the Internet television network’s stock after purchasing an additional 2,339 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Netflix were worth $45,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NFLX. State Street Corp lifted its stake in shares of Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after buying an additional 426,740 shares during the period. Geode Capital Management LLC raised its stake in Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after acquiring an additional 123,029 shares during the last quarter. Jennison Associates LLC lifted its position in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after acquiring an additional 316,594 shares during the period. International Assets Investment Management LLC grew its stake in Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after purchasing an additional 23,702 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $978.41, for a total value of $9,784,100.00. Following the completion of the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $3,611,311.31. This represents a 73.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 292,270 shares of company stock valued at $278,469,388 in the last three months. 1.76% of the stock is currently owned by insiders.

Netflix Stock Performance

NFLX opened at $1,015.68 on Friday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,016.35. The firm has a market capitalization of $434.47 billion, a PE ratio of 51.22, a PEG ratio of 2.02 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $912.05 and its 200 day moving average price is $786.03.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business earned $2.11 earnings per share. The business’s revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on NFLX. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley upped their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a report on Thursday, January 23rd. TD Cowen upped their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Robert W. Baird lifted their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.