Opinicus Capital Inc. Sells 66 Shares of Netflix, Inc. (NASDAQ:NFLX)

Opinicus Capital Inc. lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 821 shares of the Internet television network’s stock after selling 66 shares during the quarter. Opinicus Capital Inc.’s holdings in Netflix were worth $732,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. Newton One Investments LLC purchased a new stake in Netflix during the fourth quarter valued at approximately $34,000. MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the third quarter valued at approximately $37,000. Finally, FSA Wealth Management LLC acquired a new stake in Netflix in the third quarter valued at approximately $38,000. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Netflix news, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 2,682 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 299,517 shares of company stock valued at $285,805,037. 1.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on NFLX shares. Guggenheim increased their price objective on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Macquarie increased their price target on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. TD Cowen increased their price objective on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Pivotal Research boosted their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Performance

Shares of NFLX opened at $1,013.93 on Friday. The stock has a market capitalization of $433.72 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The business’s fifty day moving average price is $914.82 and its 200 day moving average price is $787.62. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,027.76.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.11 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.