Opinicus Capital Inc. Invests $501,000 in Netflix, Inc. (NASDAQ:NFLX)

Opinicus Capital Inc. bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,030 shares of the Internet television network’s stock, valued at approximately $501,000.

A number of other institutional investors have also added to or reduced their stakes in NFLX. International Assets Investment Management LLC increased its stake in Netflix by 15,039.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after acquiring an additional 2,061,859 shares during the last quarter. Jennison Associates LLC increased its stake in Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after acquiring an additional 1,573,978 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after acquiring an additional 392,427 shares during the last quarter. Alecta Tjanstepension Omsesidigt grew its stake in shares of Netflix by 171.4% during the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock valued at $231,258,000 after buying an additional 300,000 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Netflix during the third quarter valued at about $99,219,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NFLX. Sanford C. Bernstein raised their price objective on Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research note on Friday, April 19th. Jefferies Financial Group raised their price objective on Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, March 12th. Evercore ISI raised their price objective on Netflix from $640.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. TD Cowen increased their target price on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Seaport Res Ptn lowered shares of Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $630.58.

Insider Activity at Netflix

In related news, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. Insiders sold 154,573 shares of company stock valued at $89,548,241 over the last 90 days. Corporate insiders own 2.45% of the company’s stock.

Netflix Stock Down 0.6 %

Shares of NFLX stock traded down $3.57 during trading hours on Friday, hitting $561.23. 4,332,593 shares of the company’s stock traded hands, compared to its average volume of 4,190,527. The stock’s fifty day simple moving average is $604.54 and its two-hundred day simple moving average is $519.46. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00. The stock has a market cap of $241.83 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 1.38 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating 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 net margin of 18.42% and a return on equity of 29.62%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.88 earnings per share. On average, analysts expect that Netflix, Inc. will post 18.13 EPS for the current year.

About Netflix

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.