DeDora Capital Inc. Has $1.70 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

DeDora Capital Inc. lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,801 shares of the Internet television network’s stock after selling 135 shares during the quarter. DeDora Capital Inc.’s holdings in Netflix were worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Capital World Investors boosted its stake in Netflix by 0.7% in the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after buying an additional 78,320 shares in the last quarter. Jennison Associates LLC boosted its stake in Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after buying an additional 1,573,978 shares in the last quarter. Norges Bank acquired a new stake in Netflix in the 4th quarter valued at $2,558,598,000. Northern Trust Corp boosted its stake in Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after buying an additional 96,938 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Netflix by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock valued at $2,006,483,000 after buying an additional 78,298 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 565 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $565.37, for a total value of $319,434.05. The disclosure for this sale can be found here. Insiders sold 152,833 shares of company stock valued at $88,270,051 over the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 2.5 %

Shares of Netflix stock traded up $14.19 during trading hours on Friday, hitting $579.34. The company’s stock had a trading volume of 3,307,524 shares, compared to its average volume of 4,520,712. Netflix, Inc. has a 12 month low of $317.95 and a 12 month high of $639.00. The stock has a 50 day moving average of $602.57 and a 200 day moving average of $526.33. The company has a market capitalization of $249.67 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.88 earnings per share. Analysts predict that Netflix, Inc. will post 18.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NFLX. Morgan Stanley boosted their price target on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. TD Cowen boosted their price objective on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Macquarie boosted their price objective on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Bank of America boosted their price objective on Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, UBS Group boosted their price objective on Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $631.15.

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.