FUKOKU MUTUAL LIFE INSURANCE Co Reduces Stock Position in Netflix, Inc. (NASDAQ:NFLX)

FUKOKU MUTUAL LIFE INSURANCE Co trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,693 shares of the Internet television network’s stock after selling 92 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Netflix were worth $1,201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. New World Advisors LLC boosted its holdings in shares of Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after acquiring an additional 14 shares in the last quarter. Heartland Bank & Trust Co increased its position in Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares during the period. Cedrus LLC increased its position in shares of Netflix by 0.8% during the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after buying an additional 15 shares during the period. Capstone Triton Financial Group LLC grew its holdings in Netflix by 0.6% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after acquiring an additional 15 shares during the period. Finally, Meritas Wealth Management LLC increased its holdings in Netflix by 2.9% in the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $837.26 on Friday. The stock’s fifty day moving average is $729.53 and its two-hundred day moving average is $676.61. The stock has a market capitalization of $357.90 billion, a price-to-earnings ratio of 47.38, a PEG ratio of 1.60 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $841.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. On average, research analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Buying and Selling

In related news, Director Leslie J. Kilgore sold 1,372 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total value of $966,999.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Timothy M. Haley sold 11,090 shares of the 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 three months, insiders sold 205,084 shares of company stock worth $146,747,101. 1.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

NFLX has been the subject of several research reports. Morgan Stanley lifted their price target on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Needham & Company LLC upped their price target on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Macquarie reaffirmed an “outperform” rating and set a $795.00 price objective on shares of Netflix in a report on Friday, October 18th. Sanford C. Bernstein raised their target price on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, Wolfe Research reissued an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Two equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $748.15.

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.