Sumitomo Mitsui DS Asset Management Company Ltd Has $34.87 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,162 shares of the Internet television network’s stock after purchasing an additional 2,203 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Netflix were worth $34,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Denver PWM LLC acquired a new position in shares of Netflix during the second quarter worth $25,000. Valued Wealth Advisors LLC raised its position in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the last quarter. Indiana Trust & Investment Management CO lifted its holdings in Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares during the period. Proffitt & Goodson Inc. grew its position in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the last quarter. Finally, AlphaMark Advisors LLC increased its stake in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares during the period. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NFLX shares. Loop Capital raised their price target on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday. Redburn Atlantic upped their target price on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Oppenheimer lifted their target price on Netflix from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Evercore ISI raised their price objective on shares of Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $700.00 target price on shares of Netflix in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $705.74.

Netflix Stock Down 2.0 %

Shares of Netflix stock opened at $687.65 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $736.00. The company’s 50 day moving average price is $693.78 and its 200-day moving average price is $653.62. The stock has a market capitalization of $296.38 billion, a price-to-earnings ratio of 47.72, a P/E/G ratio of 1.49 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. Equities research analysts forecast that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the completion of the transaction, the director now owns 35,262 shares in the company, valued at $25,741,260. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the transaction, the director now owns 35,262 shares in the company, valued at $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,490,250. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 225,167 shares of company stock valued at $150,492,460 in the last 90 days. Insiders own 1.76% of the company’s stock.

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.