Onyx Bridge Wealth Group LLC Has $432,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Onyx Bridge Wealth Group LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 54.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 888 shares of the Internet television network’s stock after selling 1,080 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Netflix were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Columbia Trust Co 01012016 boosted its position in shares of Netflix by 15.3% during the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after acquiring an additional 208 shares in the last quarter. Crumly & Associates Inc. boosted its position in shares of Netflix by 4.1% during the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after acquiring an additional 83 shares in the last quarter. Venture Visionary Partners LLC boosted its position in shares of Netflix by 15.4% during the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after acquiring an additional 1,318 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Netflix by 142.6% during the 3rd 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 in the last quarter. Finally, Sandy Cove Advisors LLC boosted its position in shares of Netflix by 10.6% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after acquiring an additional 114 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Down 9.1 %

Shares of Netflix stock traded down $55.52 on Friday, hitting $555.04. The company had a trading volume of 16,449,699 shares, compared to its average volume of 2,885,287. The firm has a market capitalization of $240.20 billion, a P/E ratio of 38.52, a P/E/G ratio of 1.64 and a beta of 1.22. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a 50-day moving average of $605.65 and a 200-day moving average of $513.07.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.46%. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the prior year, the company posted $2.88 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. Research analysts predict that Netflix, Inc. will post 17.08 earnings per share for the current year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 47,574 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 13,655 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $7,118,342. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 268,335 shares of company stock worth $151,619,811. 2.45% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NFLX shares. Sanford C. Bernstein lifted their price target on shares of Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a report on Friday. Bank of America lifted their price target on shares of Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday. KeyCorp lifted their price target on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Citigroup lifted their price target on shares of Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. Finally, Canaccord Genuity Group downgraded shares of Netflix from a “buy” rating to a “hold” rating and cut their price target for the company from $720.00 to $585.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

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.