Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,995 shares of the Internet television network's stock after selling 6,403 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Netflix were worth $29,408,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Netflix during the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC lifted its stake in Netflix by 123,836.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares in the last quarter. State Street Corp boosted its holdings in shares of Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after purchasing an additional 426,740 shares during the last quarter. Strategic Financial Concepts LLC grew its position in shares of Netflix by 112,896.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock valued at $340,420,000 after purchasing an additional 381,590 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Netflix by 226.3% in the fourth quarter. KBC Group NV now owns 399,186 shares of the Internet television network's stock worth $355,803,000 after purchasing an additional 276,865 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

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Analyst Ratings Changes

NFLX has been the subject of a number of research reports. BMO Capital Markets reissued an "outperform" rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Pivotal Research increased their target price on Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Oppenheimer upped their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Rosenblatt Securities raised shares of Netflix from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Finally, StockNews.com cut shares of Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Netflix has an average rating of "Moderate Buy" and an average price target of $1,021.02.

Netflix Trading Down 1.2 %

Shares of NASDAQ NFLX traded down $11.09 during midday trading on Monday, reaching $922.76. 2,156,691 shares of the stock were exchanged, compared to its average volume of 3,577,798. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $394.72 billion, a P/E ratio of 46.58, a P/E/G ratio of 2.12 and a beta of 1.38. The stock has a 50 day moving average price of $971.74 and a 200-day moving average price of $869.42. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last issued 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.11 EPS. Netflix's revenue was up 16.0% on a year-over-year basis. Equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders sold 288,583 shares of company stock worth $279,611,567 in the last 90 days. 1.76% of the stock is owned by company insiders.

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.