Rakuten Securities Inc. Lowers Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Rakuten Securities Inc. reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.3% during the third quarter, HoldingsChannel reports. The firm owned 837 shares of the Internet television network’s stock after selling 20 shares during the period. Rakuten Securities Inc.’s holdings in Netflix were worth $594,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NFLX. International Assets Investment Management LLC raised its stake in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. GQG Partners LLC bought a new position in Netflix during the first quarter valued at approximately $1,450,476,000. Assenagon Asset Management S.A. grew its position in Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after acquiring an additional 642,920 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new position in Netflix during the first quarter valued at approximately $372,293,000. Finally, Swedbank AB bought a new position in Netflix during the first quarter valued at approximately $216,538,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the sale, the insider now owns 31,610 shares in the company, valued at $22,127,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 204,437 shares of company stock valued at $146,229,378. 1.76% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on NFLX shares. Guggenheim increased their price target on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. BMO Capital Markets reiterated an “outperform” rating and set a $825.00 price target (up from $770.00) on shares of Netflix in a research report on Friday, October 18th. Barclays restated an “underweight” rating and issued a $550.00 target price on shares of Netflix in a report on Friday, October 18th. Loop Capital raised their target price on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Oppenheimer raised their target price on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

Netflix Price Performance

NFLX opened at $805.44 on Tuesday. The stock has a 50-day moving average price of $723.63 and a 200-day moving average price of $673.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $344.29 billion, a PE ratio of 45.58, a P/E/G ratio of 1.53 and a beta of 1.25. Netflix, Inc. has a 1 year low of $442.60 and a 1 year high of $806.82.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Sell-side analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Netflix Company 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.