Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $10.304 Million Stake in Netflix, Inc. (NFLX)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $10.304 Million Stake in Netflix, Inc. (NFLX)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.8% during the first quarter, Holdings Channel reports. The institutional investor owned 69,712 shares of the Internet television network’s stock after buying an additional 2,523 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Netflix were worth $10,304,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC purchased a new stake in Netflix during the fourth quarter valued at about $114,000. Intellectus Partners LLC purchased a new stake in Netflix during the fourth quarter valued at about $117,000. CENTRAL TRUST Co raised its stake in Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock valued at $125,000 after buying an additional 682 shares in the last quarter. Duncker Streett & Co. Inc. raised its stake in Netflix by 38.7% in the first quarter. Duncker Streett & Co. Inc. now owns 1,075 shares of the Internet television network’s stock valued at $159,000 after buying an additional 300 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Netflix by 54.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,417 shares of the Internet television network’s stock valued at $175,000 after buying an additional 497 shares in the last quarter. 80.42% of the stock is owned by institutional investors.

Netflix, Inc. (NASDAQ:NFLX) traded down 0.41% during midday trading on Friday, hitting $156.60. The company had a trading volume of 5,341,735 shares. The company has a market cap of $67.49 billion, a price-to-earnings ratio of 202.59 and a beta of 1.27. Netflix, Inc. has a 12 month low of $84.50 and a 12 month high of $158.59. The firm has a 50-day moving average price of $146.75 and a 200-day moving average price of $134.67.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm earned $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The business’s revenue was up 34.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. Equities analysts anticipate that Netflix, Inc. will post $1.04 EPS for the current year.

NFLX has been the subject of several analyst reports. Cantor Fitzgerald increased their target price on shares of Netflix to $160.00 in a report on Thursday, January 19th. BTIG Research reissued a “buy” rating and issued a $40.00 target price (down from $170.00) on shares of Netflix in a report on Tuesday, January 17th. Goldman Sachs Group Inc restated a “buy” rating and issued a $155.00 price target (up from $140.00) on shares of Netflix in a research note on Wednesday, January 18th. Loop Capital restated a “buy” rating and issued a $151.00 price target on shares of Netflix in a research note on Saturday, January 14th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Netflix in a research note on Wednesday, January 18th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-six have issued a buy rating to the company. Netflix presently has a consensus rating of “Buy” and a consensus price target of $145.88.

In related news, insider Neil D. Hunt sold 10,000 shares of the company’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $140.00, for a total value of $1,400,000.00. Following the completion of the sale, the insider now directly owns 469,952 shares of the company’s stock, valued at approximately $65,793,280. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Tawni Cranz sold 2,170 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $144.23, for a total value of $312,979.10. Following the completion of the sale, the insider now directly owns 2,170 shares of the company’s stock, valued at $312,979.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 360,416 shares of company stock valued at $51,852,771. Insiders own 4.90% of the company’s stock.

Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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