Sompo Asset Management Co. Ltd. Sells 190 Shares of Netflix, Inc. (NASDAQ:NFLX)

Sompo Asset Management Co. Ltd. cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,490 shares of the Internet television network’s stock after selling 190 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Netflix were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. Obermeyer Wood Investment Counsel Lllp grew its position in Netflix by 2.8% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after acquiring an additional 17 shares in the last quarter. Private Portfolio Partners LLC lifted its stake in Netflix by 1.7% during the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after purchasing an additional 17 shares during the last quarter. FAS Wealth Partners Inc. boosted its holdings in shares of Netflix by 1.5% in the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock worth $786,000 after purchasing an additional 17 shares in the last quarter. Founders Financial Alliance LLC increased its position in shares of Netflix by 2.4% during the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after purchasing an additional 18 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Netflix by 4.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after buying an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.5 %

NASDAQ:NFLX opened at $701.03 on Friday. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $715.66. The company has a market capitalization of $302.14 billion, a PE ratio of 48.65, a P/E/G ratio of 1.40 and a beta of 1.26. The firm’s 50-day moving average price is $663.00 and its 200-day moving average price is $640.55. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the previous year, the business earned $3.29 earnings per share. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities analysts predict that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 428 shares of Netflix stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $715.00, for a total value of $306,020.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Netflix news, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,226 shares of company stock valued at $129,858,692. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. Redburn Atlantic upped their target price on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Pivotal Research upped their price objective on shares of Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 target price on shares of Netflix in a research report on Friday, July 19th. Evercore ISI boosted their price target on shares of Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. Finally, Guggenheim raised their price objective on Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $685.29.

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.