Netflix, Inc. (NASDAQ:NFLX) Stake Reduced by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,760 shares of the Internet television network’s stock after selling 570 shares during the period. Netflix makes up 1.6% of Nippon Life Global Investors Americas Inc.’s portfolio, making the stock its 11th biggest holding. Nippon Life Global Investors Americas Inc.’s holdings in Netflix were worth $34,796,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BerganKDV Wealth Management LLC raised its stake in shares of Netflix by 4.4% in the third quarter. BerganKDV Wealth Management LLC now owns 449 shares of the Internet television network’s stock worth $274,000 after acquiring an additional 19 shares during the last quarter. MCF Advisors LLC lifted its holdings in Netflix by 7.2% during the 3rd quarter. MCF Advisors LLC now owns 283 shares of the Internet television network’s stock worth $173,000 after buying an additional 19 shares in the last quarter. Wealth Architects LLC boosted its position in Netflix by 2.6% in the 4th quarter. Wealth Architects LLC now owns 830 shares of the Internet television network’s stock valued at $500,000 after buying an additional 21 shares during the last quarter. JGP Wealth Management LLC increased its stake in shares of Netflix by 4.1% in the 4th quarter. JGP Wealth Management LLC now owns 562 shares of the Internet television network’s stock valued at $319,000 after buying an additional 22 shares during the period. Finally, MV Capital Management Inc. raised its position in shares of Netflix by 19.8% during the fourth quarter. MV Capital Management Inc. now owns 145 shares of the Internet television network’s stock worth $87,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Shares of NFLX stock traded up $2.87 during trading on Friday, reaching $186.35. 10,424,158 shares of the company’s stock were exchanged, compared to its average volume of 16,668,019. The firm’s fifty day moving average price is $286.14 and its 200-day moving average price is $439.19. Netflix, Inc. has a twelve month low of $162.71 and a twelve month high of $700.99. The stock has a market capitalization of $82.79 billion, a PE ratio of 16.91, a PEG ratio of 0.96 and a beta of 1.28. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.83.

Netflix (NASDAQ:NFLXGet Rating) last released its quarterly earnings data on Tuesday, April 19th. The Internet television network reported $3.53 EPS for the quarter, beating the consensus estimate of $2.92 by $0.61. The firm had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.94 billion. Netflix had a net margin of 16.47% and a return on equity of 32.01%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.75 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 10.88 EPS for the current fiscal year.

Several research analysts have recently issued reports on the stock. StockNews.com initiated coverage on shares of Netflix in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup reduced their price target on Netflix from $450.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, April 21st. Cowen dropped their price objective on Netflix from $590.00 to $325.00 and set an “outperform” rating for the company in a report on Wednesday, April 20th. JPMorgan Chase & Co. cut Netflix from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $605.00 to $300.00 in a report on Wednesday, April 20th. Finally, Needham & Company LLC raised Netflix from an “underperform” rating to a “hold” rating in a research note on Wednesday, April 20th. Three research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $386.31.

Netflix Profile (Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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