Netflix, Inc. (NASDAQ:NFLX) Stake Lowered by Orion Capital Management LLC

Orion Capital Management LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,309 shares of the Internet television network’s stock after selling 92 shares during the quarter. Orion Capital Management LLC’s holdings in Netflix were worth $1,167,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NFLX. Janus Henderson Group PLC lifted its holdings in shares of Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock valued at $1,227,468,000 after buying an additional 110,432 shares during the last quarter. First National Trust Co lifted its stake in Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after acquiring an additional 12 shares during the last quarter. Haven Private LLC bought a new stake in Netflix in the fourth quarter worth approximately $733,000. Sigma Planning Corp increased its stake in shares of Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after purchasing an additional 386 shares during the last quarter. Finally, Quilter Plc increased its stake in shares of Netflix by 8.2% during the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock worth $128,133,000 after purchasing an additional 10,946 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 0.0%

Shares of NFLX stock opened at $1,192.02 on Wednesday. The firm has a fifty day moving average of $1,020.82 and a 200-day moving average of $952.98. The stock has a market cap of $507.29 billion, a price-to-earnings ratio of 60.11, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,196.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the previous year, the firm posted $8.28 earnings per share. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NFLX shares. Pivotal Research upped their price objective on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research report on Monday, March 24th. Guggenheim reissued a “buy” rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a research note on Monday. Finally, Citigroup reaffirmed a “neutral” rating on shares of Netflix in a research report on Monday, May 5th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,102.79.

Insider Buying and Selling at Netflix

In related news, insider Cletus R. Willems sold 298 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $35,972,180. This trade represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the transaction, the director now directly owns 79,040 shares of the company’s stock, valued at $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,868 shares of company stock valued at $138,483,256. 1.76% of the stock is currently owned by corporate insiders.

About Netflix

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.