Orion Capital Management LLC Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

Orion Capital Management LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,455 shares of the Internet television network’s stock after purchasing an additional 27 shares during the quarter. Orion Capital Management LLC’s holdings in Netflix were worth $708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. boosted its stake in Netflix by 3.1% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 2,675 shares of the Internet television network’s stock valued at $1,302,000 after acquiring an additional 80 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in Netflix by 3.2% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,244 shares of the Internet television network’s stock valued at $606,000 after acquiring an additional 39 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new position in Netflix in the fourth quarter valued at about $253,000. Hartford Funds Management Co LLC purchased a new position in Netflix in the fourth quarter valued at about $276,000. Finally, Savant Capital LLC boosted its stake in Netflix by 13.1% in the fourth quarter. Savant Capital LLC now owns 7,873 shares of the Internet television network’s stock valued at $3,833,000 after acquiring an additional 909 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Up 1.7 %

Shares of Netflix stock traded up $9.18 during trading on Wednesday, reaching $559.82. The company’s stock had a trading volume of 2,464,721 shares, compared to its average volume of 4,452,532. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $639.00. The company has a market cap of $241.23 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 1.37 and a beta of 1.22. The firm’s 50-day moving average is $603.56 and its two-hundred day moving average is $524.34. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the prior year, the company earned $2.88 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. On average, sell-side analysts anticipate that Netflix, Inc. will post 18.13 earnings per share for the current year.

Insider Activity

In other news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on 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 owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,573 shares of company stock valued at $89,548,241. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. KeyCorp boosted their price target on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. BMO Capital Markets reissued an “outperform” rating and issued a $713.00 price target (up previously from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. UBS Group boosted their price target on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix 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.