DeDora Capital Inc. Has $3.37 Million Holdings in Netflix, Inc. $NFLX

DeDora Capital Inc. lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,516 shares of the Internet television network’s stock after selling 98 shares during the quarter. Netflix makes up 0.9% of DeDora Capital Inc.’s holdings, making the stock its 28th biggest position. DeDora Capital Inc.’s holdings in Netflix were worth $3,369,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Stephens Consulting LLC raised its stake in Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after acquiring an additional 15 shares during the period. Maseco LLP bought a new stake in Netflix in the 2nd quarter valued at $39,000. Ransom Advisory Ltd bought a new stake in Netflix in the 2nd quarter valued at $47,000. Flaharty Asset Management LLC bought a new stake in Netflix in the 1st quarter valued at $37,000. Finally, Signature Resources Capital Management LLC raised its stake in Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock valued at $56,000 after acquiring an additional 37 shares during the period. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Itau BBA Securities assumed coverage on Netflix in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 price target on the stock. TD Cowen lowered their price objective on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Zacks Research cut Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Finally, Wedbush reiterated an “outperform” rating on shares of Netflix in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,339.81.

Netflix Stock Up 1.3%

Shares of NASDAQ NFLX opened at $1,199.36 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 52 week low of $736.23 and a 52 week high of $1,341.15. The stock has a market capitalization of $509.64 billion, a P/E ratio of 51.10, a PEG ratio of 2.02 and a beta of 1.59. The stock’s fifty day moving average is $1,213.47 and its 200 day moving average is $1,177.58.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter last year, the business earned $4.88 earnings per share. Netflix’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 424 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the transaction, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 in the last ninety days. Insiders own 1.37% of the company’s stock.

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.