Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Opes Wealth Management LLC

Opes Wealth Management LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 97.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 544 shares of the Internet television network’s stock after selling 20,977 shares during the quarter. Opes Wealth Management LLC’s holdings in Netflix were worth $265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Norges Bank acquired a new stake in Netflix during the fourth quarter worth $1,501,762,000. Moneta Group Investment Advisors LLC increased its stake in Netflix by 117,939.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network’s stock worth $808,575,000 after acquiring an additional 2,739,725 shares during the last quarter. International Assets Investment Management LLC increased its stake in Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after acquiring an additional 2,061,859 shares during the last quarter. Alliancebernstein L.P. increased its stake in Netflix by 202.7% during the second quarter. Alliancebernstein L.P. now owns 1,790,092 shares of the Internet television network’s stock worth $788,518,000 after acquiring an additional 1,198,774 shares during the last quarter. Finally, Barclays PLC increased its stake in Netflix by 113.1% during the second quarter. Barclays PLC now owns 1,869,385 shares of the Internet television network’s stock worth $823,446,000 after acquiring an additional 992,193 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 0.5 %

NASDAQ NFLX traded down $3.13 during trading on Thursday, reaching $610.56. 8,292,291 shares of the company’s stock were exchanged, compared to its average volume of 4,290,592. The stock has a market cap of $264.23 billion, a P/E ratio of 51.53, a price-to-earnings-growth ratio of 1.67 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50 day moving average price of $604.73 and a two-hundred day moving average price of $511.17. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the previous year, the business earned $2.88 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts anticipate that Netflix, Inc. will post 17.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group lifted their price objective on Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Oppenheimer lifted their price objective on Netflix from $615.00 to $725.00 and gave the company an “outperform” rating in a research note on Monday, March 11th. Wells Fargo & Company lifted their price objective on Netflix from $460.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, DZ Bank raised Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $614.75.

Insider Activity

In other news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. In the last three months, insiders sold 268,335 shares of company stock valued at $151,619,811. Insiders own 2.45% of the company’s stock.

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.