10,215 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,215 shares of the Internet television network’s stock, valued at approximately $9,105,000.

Several other institutional investors have also recently bought and sold shares of NFLX. Pathway Financial Advisers LLC boosted its stake in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the third quarter valued at approximately $25,000. Newton One Investments LLC bought a new position in Netflix in the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC increased its position in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC raised its stake in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 10,000 shares of the stock in a transaction 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 sale, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $3,611,311.31. This represents a 73.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Insiders sold a total of 303,380 shares of company stock worth $290,016,164 in the last three months. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Performance

NASDAQ:NFLX opened at $980.56 on Friday. The business has a fifty day simple moving average of $947.72 and a two-hundred day simple moving average of $832.09. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The company has a market capitalization of $419.44 billion, a P/E ratio of 49.45, a P/E/G ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.11 earnings per share. On average, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NFLX. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Evercore ISI lifted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Guggenheim upped their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Finally, KeyCorp boosted their price target on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Company 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.