DeDora Capital Inc. Has $3.37 Million Holdings in Netflix, Inc. $NFLX

DeDora Capital Inc. cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,516 shares of the Internet television network’s stock after selling 98 shares during the quarter. Netflix makes up 0.9% of DeDora Capital Inc.’s holdings, making the stock its 28th biggest holding. DeDora Capital Inc.’s holdings in Netflix were worth $3,369,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Stephens Consulting LLC grew its holdings in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after purchasing an additional 15 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in shares of Netflix during the first quarter worth about $37,000. Maseco LLP bought a new stake in shares of Netflix during the second quarter worth about $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix during the first quarter worth about $42,000. Finally, 1248 Management LLC bought a new stake in shares of Netflix during the first quarter worth about $43,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NFLX has been the topic of several research reports. Barclays restated a “sell” rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Pivotal Research restated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Piper Sandler boosted their price target on Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Morgan Stanley set a $1,500.00 price objective on Netflix in a research note on Monday, October 13th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of Netflix in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,339.81.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 424 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the transaction, the insider directly owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by insiders.

Netflix Price Performance

Shares of NFLX opened at $1,199.36 on Friday. Netflix, Inc. has a 52-week low of $736.23 and a 52-week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The business’s 50 day moving average price is $1,213.47 and its two-hundred day moving average price is $1,177.58. The firm has a market cap of $509.64 billion, a PE ratio of 51.10, a price-to-earnings-growth ratio of 2.02 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the firm earned $4.88 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company 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.