Opulen Financial Group LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Opulen Financial Group LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 299 shares of the Internet television network’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Ethos Financial Group LLC lifted its stake in shares of Netflix by 4.9% in the 4th quarter. Ethos Financial Group LLC now owns 472 shares of the Internet television network’s stock worth $421,000 after acquiring an additional 22 shares during the period. Lindbrook Capital LLC raised its holdings in Netflix by 1.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,030 shares of the Internet television network’s stock worth $2,700,000 after purchasing an additional 51 shares in the last quarter. McDonough Capital Management Inc boosted its stake in Netflix by 0.9% during the 4th quarter. McDonough Capital Management Inc now owns 1,291 shares of the Internet television network’s stock valued at $1,151,000 after purchasing an additional 12 shares in the last quarter. Vision Financial Markets LLC acquired a new position in shares of Netflix during the 4th quarter valued at $78,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Netflix by 1.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 26,953 shares of the Internet television network’s stock worth $24,024,000 after buying an additional 320 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research analyst reports. Needham & Company LLC lifted their target price on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report 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. Phillip Securities lowered shares of Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and lifted their price target for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Finally, Argus increased their price objective on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Up 1.9 %

Netflix stock opened at $990.92 on Thursday. The firm has a market cap of $423.87 billion, a price-to-earnings ratio of 49.97, a P/E/G ratio of 2.12 and a beta of 1.27. The firm has a fifty day moving average price of $950.95 and a two-hundred day moving average price of $838.65. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week 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) last announced its 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. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’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 company earned $2.11 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 30,485 shares of Netflix stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the sale, the chairman now owns 394 shares of the company’s stock, valued at approximately $386,876.48. This trade represents a 98.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the company’s 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 completion of the transaction, the director now owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,103 shares of company stock valued at $279,142,041. 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.