Nomura Asset Management Co. Ltd. Trims Stake in Netflix, Inc. (NASDAQ:NFLX)

Nomura Asset Management Co. Ltd. lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 174,544 shares of the Internet television network’s stock after selling 3,885 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Netflix were worth $155,575,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NFLX. New Age Alpha Advisors LLC increased its holdings in shares of Netflix by 23,012.5% in the 4th quarter. New Age Alpha Advisors LLC now owns 3,698 shares of the Internet television network’s stock valued at $3,296,000 after acquiring an additional 3,682 shares during the period. Norges Bank purchased a new position in Netflix during the 4th quarter worth $5,019,087,000. Caisse Des Depots ET Consignations acquired a new position in Netflix in the fourth quarter valued at $1,932,000. AssuredPartners Investment Advisors LLC purchased a new stake in shares of Netflix in the fourth quarter valued at about $309,000. Finally, NEOS Investment Management LLC boosted its stake in shares of Netflix by 16.1% during the fourth quarter. NEOS Investment Management LLC now owns 50,575 shares of the Internet television network’s stock worth $45,079,000 after buying an additional 7,021 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, Director Ann Mather sold 2,682 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 288,583 shares of company stock worth $279,611,567. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NFLX shares. Piper Sandler restated an “overweight” rating and issued a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Arete Research raised Netflix to a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Citigroup raised their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.02.

Netflix Price Performance

NFLX opened at $976.72 on Friday. The firm has a market cap of $417.80 billion, a price-to-earnings ratio of 49.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company’s 50-day moving average price is $970.22 and its 200 day moving average price is $864.96. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

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