Oppenheimer & Co. Inc. lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 51,129 shares of the Internet television network’s stock after buying an additional 946 shares during the period. Oppenheimer & Co. Inc.’s holdings in Netflix were worth $9,815,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its holdings in shares of Netflix by 2.1% in the second quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock worth $464,000 after purchasing an additional 65 shares during the period. Duncker Streett & Co. Inc. increased its holdings in shares of Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares during the period. Murphy Capital Management Inc. increased its holdings in shares of Netflix by 5.4% in the fourth quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock worth $828,000 after purchasing an additional 220 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Netflix by 0.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 31,480 shares of the Internet television network’s stock worth $6,043,000 after purchasing an additional 235 shares during the period. Finally, Covenant Asset Management LLC increased its holdings in shares of Netflix by 1.6% in the fourth quarter. Covenant Asset Management LLC now owns 15,373 shares of the Internet television network’s stock worth $2,951,000 after purchasing an additional 238 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Netflix, Inc. (NFLX) opened at $249.47 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $107,980.00, a PE ratio of 199.58, a PEG ratio of 3.49 and a beta of 1.04. Netflix, Inc. has a 1-year low of $138.26 and a 1-year high of $286.81.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. Netflix’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. research analysts predict that Netflix, Inc. will post 2.69 EPS for the current year.

In other news, insider Theodore A. Sarandos sold 163,747 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the completion of the sale, the insider now directly owns 23,953 shares in the company, valued at $6,297,483.23. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Reed Hastings sold 91,861 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $189.03, for a total transaction of $17,364,484.83. Following the sale, the chief executive officer now owns 91,861 shares of the company’s stock, valued at $17,364,484.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 460,885 shares of company stock valued at $105,354,747. 4.90% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on NFLX. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $260.52 price target on the stock in a report on Monday. SunTrust Banks set a $175.00 price target on shares of Netflix and gave the stock a “hold” rating in a report on Monday, October 16th. Citigroup reaffirmed a “hold” rating and issued a $250.00 price target on shares of Netflix in a report on Tuesday, January 23rd. Finally, Atlantic Securities set a $235.00 price target on shares of Netflix and gave the stock a “buy” rating in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $237.39.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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