Mufg Securities Americas Inc. Takes $5.63 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Mufg Securities Americas Inc. acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,311 shares of the Internet television network’s stock, valued at approximately $5,625,000. Netflix comprises approximately 0.7% of Mufg Securities Americas Inc.’s investment portfolio, making the stock its 25th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nan Shan Life Insurance Co. Ltd. lifted its position in Netflix by 21.1% in the fourth quarter. Nan Shan Life Insurance Co. Ltd. now owns 50,037 shares of the Internet television network’s stock valued at $44,599,000 after buying an additional 8,734 shares during the last quarter. Night Owl Capital Management LLC lifted its holdings in shares of Netflix by 3.2% in the 4th quarter. Night Owl Capital Management LLC now owns 34,468 shares of the Internet television network’s stock worth $30,722,000 after acquiring an additional 1,072 shares during the last quarter. NorthRock Partners LLC boosted its position in shares of Netflix by 169.2% during the 4th quarter. NorthRock Partners LLC now owns 8,713 shares of the Internet television network’s stock worth $7,766,000 after purchasing an additional 5,476 shares during the period. Ogborne Capital Management LLC increased its holdings in Netflix by 1.8% in the 4th quarter. Ogborne Capital Management LLC now owns 89,380 shares of the Internet television network’s stock valued at $79,666,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Obermeyer Wealth Partners increased its holdings in Netflix by 4.9% in the 4th quarter. Obermeyer Wealth Partners now owns 691 shares of the Internet television network’s stock valued at $616,000 after purchasing an additional 32 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the sale, the chairman now owns 394 shares in the company, valued at $362,933.10. This represents a 98.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,624,746.55. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,868 shares of company stock worth $138,483,256. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,138.44 on Wednesday. The company has a fifty day moving average of $991.99 and a two-hundred day moving average of $938.19. The company has a market capitalization of $484.49 billion, a PE ratio of 57.41, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,164.00. 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 (NASDAQ:NFLX) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the prior year, the firm earned $8.28 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on NFLX. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research note on Thursday, January 23rd. Robert W. Baird increased their target price on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group raised their target price on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Evercore ISI boosted their price target on shares of Netflix from $1,100.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Monday, April 21st. Finally, Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,084.91.

Netflix 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.