OMERS ADMINISTRATION Corp Reduces Holdings in Netflix, Inc. (NASDAQ:NFLX)

OMERS ADMINISTRATION Corp trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,090 shares of the Internet television network's stock after selling 3,219 shares during the period. OMERS ADMINISTRATION Corp's holdings in Netflix were worth $23,255,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ogborne Capital Management LLC lifted its holdings in shares of Netflix by 1.8% during the fourth quarter. Ogborne Capital Management LLC now owns 89,380 shares of the Internet television network's stock worth $79,666,000 after buying an additional 1,540 shares during the last quarter. Obermeyer Wealth Partners increased its holdings in Netflix by 4.9% during the fourth quarter. Obermeyer Wealth Partners now owns 691 shares of the Internet television network's stock worth $616,000 after buying an additional 32 shares during the last quarter. Morse Asset Management Inc boosted its position in shares of Netflix by 2.0% in the fourth quarter. Morse Asset Management Inc now owns 6,957 shares of the Internet television network's stock valued at $6,201,000 after acquiring an additional 137 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Netflix by 3.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 499,355 shares of the Internet television network's stock worth $445,774,000 after acquiring an additional 14,954 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Netflix by 5.0% in the 4th quarter. Lazard Asset Management LLC now owns 54,984 shares of the Internet television network's stock worth $49,008,000 after purchasing an additional 2,618 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total value of $2,554,312.05. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,624,746.55. The trade was a 41.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,949 shares of company stock worth $134,077,281. Corporate insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NFLX. Canaccord Genuity Group lifted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Wells Fargo & Company increased their price objective on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Arete Research upgraded Netflix to a "hold" rating in a research report on Thursday, January 23rd. Oppenheimer restated an "outperform" rating and set a $1,200.00 target price (up previously from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Rosenblatt Securities increased their price objective on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a report on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,084.91.

Netflix Stock Down 2.7%

Shares of NASDAQ NFLX opened at $1,110.00 on Tuesday. The firm has a market cap of $472.38 billion, a P/E ratio of 55.98, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The firm's 50 day moving average price is $987.35 and its 200 day moving average price is $936.79. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,164.00. 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 (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the business earned $8.28 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current 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.

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