Orion Portfolio Solutions LLC Has $27.94 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Orion Portfolio Solutions LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 39,398 shares of the Internet television network’s stock after selling 1,062 shares during the period. Orion Portfolio Solutions LLC’s holdings in Netflix were worth $27,944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. DigitalBridge Group Inc. increased its stake in shares of Netflix by 35.5% during the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Netflix by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after buying an additional 29,726 shares during the last quarter. Natixis Advisors LLC raised its stake in Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after buying an additional 11,921 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Netflix in the third quarter valued at approximately $1,517,000. Finally, Westfield Capital Management Co. LP bought a new position in shares of Netflix during the 3rd quarter worth approximately $222,871,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Netflix news, Director Leslie J. Kilgore sold 428 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay C. Hoag sold 43,750 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the completion of the sale, the director now directly owns 95,040 shares in the company, valued at approximately $65,299,132.80. This represents a 31.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,155 shares of company stock worth $159,682,799. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NFLX shares. Evercore ISI increased their price target on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Morgan Stanley raised their target price on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Canaccord Genuity Group lifted their target price on shares of Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Bank of America increased their price target on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Wedbush restated an “outperform” rating and set a $950.00 price objective (up previously from $800.00) on shares of Netflix in a report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $783.00.

Netflix Stock Performance

Shares of NFLX opened at $934.74 on Friday. Netflix, Inc. has a 12 month low of $448.32 and a 12 month high of $935.27. The stock has a 50 day moving average of $788.37 and a 200 day moving average of $707.66. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $399.56 billion, a price-to-earnings ratio of 52.90, a PEG ratio of 1.76 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. As a group, sell-side analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.