Netflix, Inc. (NASDAQ:NFLX) Stock Position Trimmed by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 387,799 shares of the Internet television network’s stock after selling 19,035 shares during the quarter. Netflix comprises approximately 0.8% of Mitsubishi UFJ Trust & Banking Corp’s investment portfolio, making the stock its 14th biggest holding. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of Netflix worth $345,653,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in shares of Netflix by 13.3% during the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after purchasing an additional 198,148 shares during the period. Algert Global LLC bought a new position in Netflix in the 3rd quarter valued at about $2,475,000. Larson Financial Group LLC increased its stake in Netflix by 10.5% during the 3rd quarter. Larson Financial Group LLC now owns 2,462 shares of the Internet television network’s stock valued at $1,746,000 after buying an additional 233 shares during the period. Fisher Asset Management LLC raised its position in shares of Netflix by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 4,481,939 shares of the Internet television network’s stock worth $3,178,905,000 after buying an additional 123,987 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Netflix in the 3rd quarter worth approximately $2,793,000. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $982.05, for a total value of $2,554,312.05. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,624,746.55. The trade was a 41.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 30,485 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $981.92, for a total value of $29,933,831.20. Following the transaction, the chairman now directly owns 394 shares of the company’s stock, valued at $386,876.48. This represents a 98.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 288,103 shares of company stock valued at $279,142,041 over the last 90 days. 1.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. Guggenheim raised their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Pivotal Research boosted their price objective on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Barclays raised 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 report on Wednesday, January 22nd. Finally, Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,016.78.

Netflix Trading Up 1.2 %

Netflix stock opened at $971.99 on Tuesday. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company’s fifty day moving average price is $961.71 and its two-hundred day moving average price is $861.09. The company has a market capitalization of $415.78 billion, a price-to-earnings ratio of 49.02, a PEG ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the business earned $2.11 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, analysts forecast that Netflix, Inc. will post 24.58 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.