Opulen Financial Group LLC Takes $267,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Opulen Financial Group LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 299 shares of the Internet television network’s stock, valued at approximately $267,000.

A number of other large investors have also recently bought and sold shares of NFLX. Proficio Capital Partners LLC grew its holdings in shares of Netflix by 123,836.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares during the last quarter. State Street Corp grew its stake in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after buying an additional 426,740 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Netflix by 112,896.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock worth $340,420,000 after buying an additional 381,590 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Netflix in the 3rd quarter worth approximately $222,871,000. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, 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 transaction of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock valued at $279,142,041 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on NFLX. Morgan Stanley lifted their price objective on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective on the stock in a report on Thursday, January 23rd. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Finally, Pivotal Research raised their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Up 1.9 %

NASDAQ:NFLX opened at $990.92 on Thursday. The company has a market cap of $423.87 billion, a PE ratio of 49.97, a PEG ratio of 2.12 and a beta of 1.27. The stock has a 50-day simple moving average of $950.95 and a 200 day simple moving average of $838.65. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm posted $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.