Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,396 shares of the Internet television network’s stock after buying an additional 640 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Netflix were worth $3,687,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. raised its stake in Netflix by 18.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 200 shares of the Internet television network’s stock valued at $65,000 after purchasing an additional 31 shares during the last quarter. Legend Financial Advisors Inc. raised its stake in Netflix by 1.8% in the 3rd quarter. Legend Financial Advisors Inc. now owns 1,877 shares of the Internet television network’s stock valued at $502,000 after purchasing an additional 33 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Netflix by 3.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,105 shares of the Internet television network’s stock valued at $296,000 after purchasing an additional 35 shares during the last quarter. Winthrop Partners WNY LLC raised its stake in Netflix by 64.9% in the 3rd quarter. Winthrop Partners WNY LLC now owns 94 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 37 shares during the last quarter. Finally, Cedar Brook Financial Partners LLC raised its stake in Netflix by 4.3% in the 3rd quarter. Cedar Brook Financial Partners LLC now owns 979 shares of the Internet television network’s stock valued at $262,000 after purchasing an additional 40 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on NFLX. Oppenheimer boosted their target price on shares of Netflix from $385.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group set a $400.00 target price on shares of Netflix and gave the company a “buy” rating in a research note on Thursday. ValuEngine raised shares of Netflix from a “sell” rating to a “hold” rating in a research note on Saturday, January 4th. BidaskClub downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Friday. Finally, TheStreet raised shares of Netflix from a “c” rating to a “b-” rating in a research note on Monday, January 13th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-six have assigned a buy rating to the company. Netflix presently has a consensus rating of “Buy” and a consensus price target of $379.58.

Shares of NASDAQ:NFLX traded down $0.51 during trading on Friday, reaching $349.09. 12,870,468 shares of the stock were exchanged, compared to its average volume of 5,878,778. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.73 and a current ratio of 0.90. Netflix, Inc. has a 12-month low of $252.28 and a 12-month high of $385.99. The firm has a market cap of $153.84 billion, a price-to-earnings ratio of 84.53, a price-to-earnings-growth ratio of 1.98 and a beta of 1.28. The firm’s 50-day moving average price is $325.01 and its 200 day moving average price is $306.73.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.78. Netflix had a return on equity of 28.45% and a net margin of 9.26%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter in the previous year, the business earned $0.30 EPS. The company’s revenue for the quarter was up 30.6% on a year-over-year basis. As a group, equities research analysts forecast that Netflix, Inc. will post 5.5 EPS for the current year.

In other news, CEO Reed Hastings sold 54,516 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $312.04, for a total transaction of $17,011,172.64. Following the completion of the sale, the chief executive officer now owns 54,516 shares in the company, valued at approximately $17,011,172.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.29% of the stock is currently owned by insiders.

Netflix 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.

See Also: Overbought

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.