Daiwa Securities Group Inc. Acquires 1,906 Shares of Netflix, Inc. (NFLX)

Daiwa Securities Group Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 53,810 shares of the Internet television network’s stock after acquiring an additional 1,906 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Netflix were worth $19,186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gemmer Asset Management LLC increased its position in shares of Netflix by 12.4% during the fourth quarter. Gemmer Asset Management LLC now owns 271 shares of the Internet television network’s stock worth $73,000 after buying an additional 30 shares during the period. Argent Trust Co increased its position in shares of Netflix by 4.2% during the fourth quarter. Argent Trust Co now owns 748 shares of the Internet television network’s stock worth $200,000 after buying an additional 30 shares during the period. Johnson Financial Group Inc. increased its position in shares of Netflix by 3.9% during the fourth quarter. Johnson Financial Group Inc. now owns 800 shares of the Internet television network’s stock worth $214,000 after buying an additional 30 shares during the period. Versant Capital Management Inc increased its position in shares of Netflix by 59.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock worth $25,000 after buying an additional 35 shares during the period. Finally, Reilly Financial Advisors LLC increased its position in shares of Netflix by 5.2% during the fourth quarter. Reilly Financial Advisors LLC now owns 708 shares of the Internet television network’s stock worth $190,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 76.08% of the company’s stock.

In related news, Director Anne M. Sweeney sold 1,649 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $370.00, for a total transaction of $610,130.00. Following the completion of the sale, the director now owns 609 shares in the company, valued at $225,330. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reed Hastings sold 57,414 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $348.88, for a total transaction of $20,030,596.32. Following the sale, the chief executive officer now owns 57,414 shares of the company’s stock, valued at approximately $20,030,596.32. The disclosure for this sale can be found here. Insiders have sold 168,487 shares of company stock valued at $61,025,502 in the last 90 days. 4.29% of the stock is currently owned by corporate insiders.

Shares of NFLX traded up $5.46 during trading hours on Wednesday, reaching $359.73. 6,018,237 shares of the stock traded hands, compared to its average volume of 8,787,588. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.61 and a quick ratio of 0.61. Netflix, Inc. has a 52 week low of $231.23 and a 52 week high of $423.21. The firm has a market capitalization of $154.69 billion, a P/E ratio of 134.23, a PEG ratio of 3.53 and a beta of 1.33.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.19. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period last year, the firm earned $0.64 earnings per share. The firm’s revenue was up 22.2% on a year-over-year basis. On average, equities research analysts expect that Netflix, Inc. will post 3.35 earnings per share for the current year.

Several equities research analysts have recently weighed in on NFLX shares. Argus reiterated a “hold” rating on shares of Netflix in a research report on Tuesday, January 22nd. BidaskClub lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. Buckingham Research lowered shares of Netflix from a “buy” rating to a “neutral” rating and set a $382.00 target price on the stock. in a research note on Friday, March 8th. Royal Bank of Canada reissued a “buy” rating and set a $480.00 target price on shares of Netflix in a research note on Wednesday, March 20th. Finally, SunTrust Banks reissued a “buy” rating and set a $402.00 target price on shares of Netflix in a research note on Wednesday, March 27th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $385.03.

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Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, 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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