Optas LLC Grows Stake in Netflix, Inc. (NASDAQ:NFLX)

Optas LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,636 shares of the Internet television network’s stock after purchasing an additional 116 shares during the period. Optas LLC’s holdings in Netflix were worth $1,458,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the third quarter valued at $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix in the third quarter valued at $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix in the third quarter valued at $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total value of $334,319.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 246,710 shares of company stock worth $233,561,836 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Bank of America lifted their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. TD Cowen boosted their price objective on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Loop Capital boosted their price target on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Performance

NASDAQ:NFLX opened at $978.94 on Tuesday. The firm has a market cap of $418.75 billion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The business has a 50 day moving average price of $904.67 and a 200-day moving average price of $779.53.

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