Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,834 shares of the Internet television network’s stock after purchasing an additional 54 shares during the period. Catalyst Financial Partners LLC’s holdings in Netflix were worth $1,635,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Manchester Financial Inc. bought a new stake in shares of Netflix in the 4th quarter worth $213,000. Asset Management One Co. Ltd. grew its holdings in Netflix by 6.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 206,165 shares of the Internet television network’s stock worth $187,105,000 after acquiring an additional 12,667 shares during the period. Aljian Capital Management LLC raised its position in Netflix by 18.4% in the fourth quarter. Aljian Capital Management LLC now owns 9,887 shares of the Internet television network’s stock worth $8,812,000 after acquiring an additional 1,540 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares during the last quarter. Finally, Avestar Capital LLC boosted its position in shares of Netflix by 7.0% during the 4th quarter. Avestar Capital LLC now owns 5,432 shares of the Internet television network’s stock valued at $4,842,000 after purchasing an additional 353 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Guggenheim boosted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Needham & Company LLC upped their price target on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. KeyCorp boosted their target price on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Bank of America upped their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Performance

Shares of NFLX opened at $1,043.69 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,045.99. The company’s fifty day moving average is $924.40 and its 200-day moving average is $799.32. The firm has a market cap of $446.45 billion, a price-to-earnings ratio of 52.63, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business posted $2.11 earnings per share. The business’s quarterly revenue was up 16.0% on a year-over-year basis. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 303,809 shares of company stock valued at $290,374,484. Corporate insiders own 1.76% of the company’s stock.

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.