OneDigital Investment Advisors LLC Sells 818 Shares of Netflix, Inc. (NASDAQ:NFLX)

OneDigital Investment Advisors LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,345 shares of the Internet television network’s stock after selling 818 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Netflix were worth $4,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in NFLX. Vanguard Group Inc. boosted its position in shares of Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after acquiring an additional 171,712 shares during the last quarter. FMR LLC grew its stake in Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after buying an additional 375,234 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after buying an additional 175,596 shares during the last quarter. Norges Bank bought a new position in shares of Netflix in the 4th quarter worth $5,019,087,000. Finally, Alliancebernstein L.P. raised its position in shares of Netflix by 1.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock valued at $4,582,568,000 after buying an additional 82,564 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NFLX opened at $1,040.34 on Wednesday. Netflix, Inc. has a 12-month low of $544.25 and a 12-month high of $1,064.97. The company has a market cap of $445.01 billion, a price-to-earnings ratio of 52.46, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $954.01 and a two-hundred day simple moving average of $897.26.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the business earned $8.28 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ann Mather sold 2,682 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 274,472 shares of company stock worth $268,079,297. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley increased their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Monday. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Arete Research upgraded Netflix to a “hold” rating in a research report on Thursday, January 23rd. BMO Capital Markets reissued an “outperform” rating and set a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a research note on Friday. Finally, Wedbush boosted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Monday. Nine equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,070.65.

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.