DeDora Capital Inc. Reduces Stock Position in Netflix, Inc. (NASDAQ:NFLX)

DeDora Capital Inc. lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,801 shares of the Internet television network’s stock after selling 135 shares during the period. DeDora Capital Inc.’s holdings in Netflix were worth $1,701,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Netflix in the fourth quarter worth $2,558,598,000. Wellington Management Group LLP increased its stake in Netflix by 540.9% in the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock valued at $1,888,503,000 after acquiring an additional 3,273,592 shares during the last quarter. International Assets Investment Management LLC increased its stake in Netflix by 15,039.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after acquiring an additional 2,061,859 shares during the last quarter. Jennison Associates LLC increased its stake in Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after acquiring an additional 1,573,978 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new position in Netflix in the first quarter valued at $436,514,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 2.5 %

Shares of NFLX stock traded up $14.19 during trading hours on Friday, hitting $579.34. 3,307,524 shares of the company’s stock traded hands, compared to its average volume of 4,520,712. The stock’s fifty day simple moving average is $602.57 and its two-hundred day simple moving average is $526.33. Netflix, Inc. has a 12-month low of $317.95 and a 12-month high of $639.00. The stock has a market cap of $249.67 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 1.37 and a beta of 1.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same period last year, the business earned $2.88 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. On average, analysts expect that Netflix, Inc. will post 18.3 EPS for the current year.

Insider Activity

In related news, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,833 shares of company stock worth $88,270,051. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Evercore ISI increased their target price on Netflix from $640.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. UBS Group increased their target price on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Morgan Stanley raised their price objective on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Sanford C. Bernstein raised their price objective on Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research note on Friday, April 19th. Finally, Barclays raised their price objective on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $631.15.

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.