Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,556 shares of the Internet television network’s stock after buying an additional 885 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Netflix were worth $1,265,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the company. L & S Advisors Inc bought a new stake in Netflix during the fourth quarter valued at about $446,000. MIG Capital LLC acquired a new position in Netflix during the fourth quarter valued at $28,722,000. HCR Wealth Advisors acquired a new position in Netflix during the fourth quarter valued at $306,000. AQR Capital Management LLC boosted its position in Netflix by 176.9% in the fourth quarter. AQR Capital Management LLC now owns 49,430 shares of the Internet television network’s stock valued at $6,119,000 after buying an additional 31,580 shares during the period. Finally, Foresters Asset Management Inc. acquired a new position in Netflix during the fourth quarter valued at $552,000. Hedge funds and other institutional investors own 82.77% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ NFLX) opened at 161.70 on Tuesday. Netflix, Inc. has a 52-week low of $84.50 and a 52-week high of $166.87. The company has a market cap of $69.69 billion, a price-to-earnings ratio of 209.18 and a beta of 0.99. The firm has a 50 day moving average price of $157.80 and a 200-day moving average price of $144.87.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a return on equity of 12.73% and a net margin of 3.55%. The firm’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post $1.05 earnings per share for the current year.
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Several brokerages recently commented on NFLX. UBS AG reissued a “buy” rating and issued a $175.00 price target on shares of Netflix in a research note on Wednesday, April 19th. Royal Bank Of Canada boosted their price target on Netflix from $175.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday. Pivotal Research boosted their target price on Netflix from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday. Piper Jaffray Companies restated an “overweight” rating and issued a $198.00 target price on shares of Netflix in a report on Tuesday. Finally, Instinet restated a “buy” rating and issued a $175.00 target price (up from $165.00) on shares of Netflix in a report on Monday. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $154.26.
In other Netflix news, Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total transaction of $156,620.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,254,839.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel David A. Hyman sold 14,021 shares of Netflix stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $150.00, for a total transaction of $2,103,150.00. Following the transaction, the general counsel now owns 41,629 shares of the company’s stock, valued at $6,244,350. The disclosure for this sale can be found here. Insiders sold 420,458 shares of company stock worth $64,059,503 over the last three months. 4.90% of the stock is owned by insiders.
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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