Rakuten Securities Inc. Takes $828,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Rakuten Securities Inc. bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,700 shares of the Internet television network’s stock, valued at approximately $828,000. Netflix comprises 0.7% of Rakuten Securities Inc.’s investment portfolio, making the stock its 28th largest position.

Several other large investors have also recently made changes to their positions in NFLX. Columbia Trust Co 01012016 raised its holdings in Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after acquiring an additional 208 shares during the last quarter. Crumly & Associates Inc. raised its holdings in Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after acquiring an additional 83 shares during the last quarter. Venture Visionary Partners LLC raised its holdings in Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after acquiring an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after acquiring an additional 392,427 shares during the last quarter. Finally, Smith Anglin Financial LLC raised its holdings in Netflix by 7.7% in the 3rd quarter. Smith Anglin Financial LLC now owns 546 shares of the Internet television network’s stock worth $206,000 after acquiring an additional 39 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $6.62 during mid-day trading on Wednesday, hitting $610.90. 1,638,734 shares of the company’s stock traded hands, compared to its average volume of 4,218,065. The company’s 50-day moving average is $603.65 and its two-hundred day moving average is $510.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $264.37 billion, a P/E ratio of 51.23, a PEG ratio of 1.64 and a beta of 1.22. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $8.83 billion for the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, equities analysts anticipate that Netflix, Inc. will post 17.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction dated Friday, February 9th. The shares were 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 directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the transaction, the chief executive officer now owns 1,278 shares in the company, valued at $717,379.74. 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 ninety days. 2.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research reports. Oppenheimer boosted their target price on shares of Netflix from $615.00 to $725.00 and gave the company an “outperform” rating in a research note on Monday, March 11th. Canaccord Genuity Group boosted their target price on shares of Netflix from $575.00 to $625.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Seaport Res Ptn lowered shares of Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Citigroup boosted their target price on shares of Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. Finally, Wedbush boosted their target price on shares of Netflix from $615.00 to $725.00 and gave the company an “outperform” rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $603.48.

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.