Optimize Financial Inc Purchases Shares of 1,462 Netflix, Inc. (NASDAQ:NFLX)

Optimize Financial Inc acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,462 shares of the Internet television network's stock, valued at approximately $1,303,000. Netflix makes up 1.0% of Optimize Financial Inc's portfolio, making the stock its 27th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. West Michigan Advisors LLC lifted its stake in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after buying an additional 10 shares during the period. Warwick Investment Management Inc. lifted its position in shares of Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC grew its holdings in shares of Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC increased its position in shares of Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after purchasing an additional 10 shares during the period. Finally, Enzi Wealth raised its stake in shares of 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 purchasing an additional 11 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

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Netflix Price Performance

NFLX traded down $14.31 during trading on Wednesday, hitting $961.97. 3,408,007 shares of the stock traded hands, compared to its average volume of 4,707,562. The business has a 50 day moving average price of $957.71 and a 200 day moving average price of $887.65. The company has a market cap of $411.49 billion, a price-to-earnings ratio of 48.51, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. The firm 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 business'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 business earned $2.11 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. The trade was a 98.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay C. Hoag sold 617 shares of the firm's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,312 shares of company stock worth $267,919,297. Insiders own 1.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NFLX shares. The Goldman Sachs Group lifted their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. KeyCorp decreased their target price on shares of Netflix from $1,100.00 to $1,000.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Pivotal Research raised their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. BMO Capital Markets reiterated an "outperform" rating and issued a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Phillip Securities downgraded Netflix from a "hold" rating to a "moderate sell" rating in a research report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,021.31.

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.