OneDigital Investment Advisors LLC Has $4.76 Million Position in Netflix, Inc. (NASDAQ:NFLX)

OneDigital Investment Advisors LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,345 shares of the Internet television network's stock after selling 818 shares during the period. OneDigital Investment Advisors LLC's holdings in Netflix were worth $4,764,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC lifted its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Transce3nd LLC purchased a new position in Netflix in the fourth quarter valued at approximately $32,000. Newton One Investments LLC acquired a new position in Netflix during the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC lifted its position in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after buying an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its stake in Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after buying an additional 16 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

NFLX stock traded up $4.66 during mid-day trading on Friday, reaching $1,101.53. The company had a trading volume of 3,944,668 shares, compared to its average volume of 3,711,150. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a one year low of $544.25 and a one year high of $1,105.89. The stock's 50-day simple moving average is $954.61 and its two-hundred day simple moving average is $901.03. The stock has a market capitalization of $471.19 billion, a P/E ratio of 55.55, a P/E/G ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly 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 return on equity of 38.32% and a net margin of 22.34%. The company 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 company posted $8.28 earnings per share. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a report on Monday. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday. Bank of America upped their target price on Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Oppenheimer reiterated an "outperform" rating and set a $1,200.00 target price (up from $1,150.00) on shares of Netflix in a report on Friday, April 18th. Finally, The Goldman Sachs Group upped their price target on Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,072.12.

Insider Transactions at Netflix

In other Netflix news, Director Ann Mather sold 2,682 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 273,855 shares of company stock valued at $267,474,816. Company insiders own 1.76% of the company's stock.

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.