Tokio Marine Asset Management Co. Ltd. Has $25.80 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,370 shares of the Internet television network’s stock after acquiring an additional 323 shares during the period. Netflix accounts for about 1.1% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 15th largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Netflix were worth $25,796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after acquiring an additional 5,748,200 shares in the last quarter. GQG Partners LLC acquired a new stake in Netflix in the 1st quarter valued at $1,450,476,000. Assenagon Asset Management S.A. grew its position in Netflix by 154.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after purchasing an additional 642,920 shares during the period. Jericho Capital Asset Management L.P. bought a new stake in Netflix during the 1st quarter valued at $372,293,000. Finally, Swedbank AB acquired a new position in Netflix during the first quarter worth $216,538,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders sold a total of 205,084 shares of company stock valued at $146,747,101 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein boosted their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. UBS Group increased their price objective on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Jefferies Financial Group lifted their target price on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Barclays reissued an “underweight” rating and issued a $550.00 price target on shares of Netflix in a research report on Friday, October 18th. Finally, Rosenblatt Securities lifted their price objective on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $748.15.

Netflix Price Performance

Shares of NFLX stock traded up $7.07 during trading hours on Thursday, reaching $837.54. The stock had a trading volume of 313,540 shares, compared to its average volume of 3,646,963. The stock’s fifty day simple moving average is $729.53 and its 200 day simple moving average is $676.61. The firm has a market capitalization of $358.01 billion, a PE ratio of 47.00, a PEG ratio of 1.58 and a beta of 1.25. Netflix, Inc. has a 12 month low of $445.73 and a 12 month high of $840.80. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

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

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.