DeDora Capital Inc. Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

DeDora Capital Inc. lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 3.5% in the fourth quarter, Holdings Channel reports. The fund owned 2,505 shares of the Internet television network’s stock after selling 91 shares during the period. DeDora Capital Inc.’s holdings in Netflix were worth $2,233,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Enzi Wealth grew its position in Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after acquiring an additional 11 shares in the last quarter. TCI Wealth Advisors Inc. grew its position in Netflix by 1.6% in the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after acquiring an additional 11 shares in the last quarter. Everett Harris & Co. CA grew its position in Netflix by 1.3% in the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock valued at $775,000 after acquiring an additional 11 shares in the last quarter. Blossom Wealth Management grew its position in Netflix by 0.9% in the fourth quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock valued at $1,112,000 after acquiring an additional 11 shares in the last quarter. Finally, Beacon Financial Advisory LLC grew its position in Netflix by 0.9% in the fourth quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network’s stock valued at $1,145,000 after acquiring an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NFLX. Macquarie increased their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company raised their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a research report on Thursday, January 23rd. Jefferies Financial Group raised their price target on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Oppenheimer raised their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Ten 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 company’s stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 303,809 shares of company stock worth $290,374,484 over the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

NFLX stock opened at $1,058.60 on Friday. 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 stock has a market capitalization of $452.83 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The stock’s fifty day moving average is $926.92 and its two-hundred day moving average is $801.02.

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