Asahi Life Asset Management CO. LTD. Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Asahi Life Asset Management CO. LTD. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 61.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,115 shares of the Internet television network’s stock after acquiring an additional 423 shares during the quarter. Asahi Life Asset Management CO. LTD.’s holdings in Netflix were worth $994,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix during the third quarter worth approximately $25,000. Pathway Financial Advisers LLC raised its stake in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Newton One Investments LLC purchased a new position in shares of Netflix during the fourth quarter worth approximately $34,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix during the third quarter worth approximately $37,000. Finally, Pineridge Advisors LLC raised its stake in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after acquiring an additional 40 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 41,121 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $30,946,506.10. The trade was a 56.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 303,380 shares of company stock valued at $290,016,164. 1.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Arete Research raised shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Evercore ISI lifted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Oppenheimer lifted their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Price Performance

NFLX opened at $980.56 on Friday. The stock has a 50-day moving average price of $947.72 and a 200-day moving average price of $832.09. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $419.44 billion, a PE ratio of 49.45, a P/E/G ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm earned $2.11 EPS. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.