Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. raised its position in Netflix, Inc. (NASDAQ:NFLX) by 1,418.2% in the 4th quarter, HoldingsChannel reports. The fund owned 1,670 shares of the Internet television network’s stock after purchasing an additional 1,560 shares during the period. Netflix makes up about 2.9% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 8th biggest holding. Mizuho Securities Co. Ltd.’s holdings in Netflix were worth $813,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NFLX. GAMMA Investing LLC acquired a new position in shares of Netflix in the 4th quarter worth approximately $1,340,000. Harbor Advisors LLC acquired a new position in shares of Netflix in the 4th quarter worth approximately $243,000. Ellenbecker Investment Group acquired a new position in shares of Netflix in the 4th quarter worth approximately $232,000. Linden Thomas Advisory Services LLC raised its holdings in shares of Netflix by 3.3% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,432 shares of the Internet television network’s stock worth $3,618,000 after buying an additional 238 shares in the last quarter. Finally, Community Bank & Trust Waco Texas acquired a new position in shares of Netflix in the 4th quarter worth approximately $487,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 4.2 %

Netflix stock traded up $23.15 during mid-day trading on Tuesday, hitting $577.75. 4,942,177 shares of the company’s stock were exchanged, compared to its average volume of 4,517,395. The firm has a market capitalization of $248.95 billion, a P/E ratio of 40.09, a PEG ratio of 1.49 and a beta of 1.22. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The company’s 50 day simple moving average is $606.05 and its 200-day simple moving average is $517.65.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter last year, the business posted $2.88 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Netflix, Inc. will post 17.13 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFLX. The Goldman Sachs Group increased their target price on Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. JPMorgan Chase & Co. raised their price target on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Morgan Stanley raised their price target on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Needham & Company LLC raised Netflix from a “hold” rating to a “buy” rating and set a $700.00 price target for the company in a report on Friday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The disclosure for this sale can be found here. Insiders have sold 268,335 shares of company stock valued at $151,619,811 in the last 90 days. 2.45% of the stock is currently owned by company insiders.

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.