Dai Ichi Life Insurance Company Ltd lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 48,147 shares of the Internet television network’s stock after selling 3,386 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Netflix were worth $18,846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NFLX. Guidant Wealth Advisors lifted its stake in shares of Netflix by 190.5% in the 2nd quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock valued at $121,000 after purchasing an additional 200 shares during the period. Signature Estate & Investment Advisors LLC purchased a new position in shares of Netflix in the 2nd quarter valued at approximately $124,000. BerganKDV Wealth Management LLC purchased a new position in shares of Netflix in the 2nd quarter valued at approximately $137,000. Peoples Financial Services CORP. lifted its stake in shares of Netflix by 94.3% in the 2nd quarter. Peoples Financial Services CORP. now owns 412 shares of the Internet television network’s stock valued at $161,000 after purchasing an additional 200 shares during the period. Finally, Squar Milner Financial Services LLC purchased a new position in shares of Netflix in the 2nd quarter valued at approximately $162,000. Institutional investors and hedge funds own 73.76% of the company’s stock.

Netflix stock opened at $370.98 on Friday. The firm has a market capitalization of $160.46 billion, a price-to-earnings ratio of 168.26, a price-to-earnings-growth ratio of 4.60 and a beta of 0.76. Netflix, Inc. has a 12 month low of $164.73 and a 12 month high of $423.21. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.54 and a quick ratio of 1.54.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 16th. The Internet television network reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.94 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The company’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. equities research analysts forecast that Netflix, Inc. will post 2.67 earnings per share for the current year.

In related news, CEO Reed Hastings sold 77,672 shares of Netflix stock in a transaction on Monday, August 20th. The stock was sold at an average price of $323.01, for a total value of $25,088,832.72. Following the completion of the sale, the chief executive officer now owns 77,672 shares of the company’s stock, valued at $25,088,832.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction on Monday, August 27th. The stock was sold at an average price of $367.00, for a total value of $367,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $367,000. The disclosure for this sale can be found here. In the last three months, insiders sold 415,439 shares of company stock valued at $152,054,088. Corporate insiders own 4.29% of the company’s stock.

A number of research firms have recently commented on NFLX. Imperial Capital began coverage on Netflix in a research note on Tuesday, June 26th. They issued an “outperform” rating and a $503.00 target price for the company. Goldman Sachs Group raised their target price on Netflix to $490.00 and gave the company a “positive” rating in a research note on Wednesday, June 20th. Pivotal Research raised their target price on Netflix from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. JPMorgan Chase & Co. restated a “buy” rating and issued a $415.00 target price on shares of Netflix in a research note on Tuesday, July 17th. Finally, BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-one have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $346.99.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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