Oxinas Partners Wealth Management LLC Sells 51 Shares of Netflix, Inc. (NASDAQ:NFLX)

Oxinas Partners Wealth Management LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 409 shares of the Internet television network’s stock after selling 51 shares during the period. Oxinas Partners Wealth Management LLC’s holdings in Netflix were worth $365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Epoch Investment Partners Inc. lifted its stake in Netflix by 27.1% during the second quarter. Epoch Investment Partners Inc. now owns 544 shares of the Internet television network’s stock worth $367,000 after purchasing an additional 116 shares during the period. Certified Advisory Corp increased its holdings in shares of Netflix by 7.4% during the second quarter. Certified Advisory Corp now owns 1,156 shares of the Internet television network’s stock worth $780,000 after buying an additional 80 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Netflix by 80.7% during the second quarter. Public Sector Pension Investment Board now owns 16,273 shares of the Internet television network’s stock worth $10,982,000 after buying an additional 7,267 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Netflix by 2.9% during the second quarter. Evergreen Capital Management LLC now owns 6,552 shares of the Internet television network’s stock worth $4,422,000 after buying an additional 184 shares in the last quarter. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Netflix during the second quarter worth approximately $3,275,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of several recent analyst reports. Pivotal Research raised their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Needham & Company LLC raised their price target on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Bank of America raised their price target on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $845.06.

Insiders Place Their Bets

In other Netflix news, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at $185,976. The trade was a 95.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 152,198 shares of company stock valued at $127,616,898 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Up 1.3 %

NFLX opened at $869.68 on Wednesday. The stock has a market capitalization of $371.75 billion, a P/E ratio of 49.22, a P/E/G ratio of 1.40 and a beta of 1.27. Netflix, Inc. has a 12 month low of $479.90 and a 12 month high of $941.75. The firm’s fifty day simple moving average is $885.64 and its 200 day simple moving average is $760.81. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 19.76 EPS for the current fiscal year.

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.