Catalyst Financial Partners LLC Boosts Position in Netflix, Inc. (NASDAQ:NFLX)

Catalyst Financial Partners LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,370 shares of the Internet television network’s stock after buying an additional 115 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Netflix were worth $667,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NFLX. International Assets Investment Management LLC boosted its holdings in Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after acquiring an additional 2,061,859 shares during the period. Jennison Associates LLC grew its holdings in Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after purchasing an additional 1,573,978 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in 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 worth $252,085,000 after buying an additional 392,427 shares during the period. Alecta Tjanstepension Omsesidigt lifted its holdings in Netflix by 171.4% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after buying an additional 300,000 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Netflix in the 3rd quarter valued at about $99,219,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. KeyCorp boosted their price target on Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $585.00 target price (down from $720.00) on shares of Netflix in a research report on Friday, April 19th. Piper Sandler raised their price target on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Seaport Res Ptn cut shares of Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Finally, Wedbush reissued an “outperform” rating and set a $725.00 price objective on shares of Netflix in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $631.15.

Insiders Place Their Bets

In other news, Director Anne M. Sweeney sold 3,029 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $580.00, for a total transaction of $1,756,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Netflix news, Director Anne M. Sweeney sold 3,029 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $580.00, for a total transaction of $1,756,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the transaction, the chief executive officer now owns 1,278 shares of the company’s stock, valued at $717,379.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,432 shares of company stock worth $84,762,938. 1.76% of the stock is owned by insiders.

Netflix Price Performance

Shares of Netflix stock traded up $2.62 during trading on Thursday, hitting $612.09. The stock had a trading volume of 2,062,033 shares, compared to its average volume of 4,378,251. The business has a fifty day moving average of $603.11 and a two-hundred day moving average of $532.16. Netflix, Inc. has a fifty-two week low of $329.51 and a fifty-two week high of $639.00. The firm has a market cap of $263.79 billion, a P/E ratio of 42.48, a PEG ratio of 1.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the prior year, the company earned $2.88 EPS. Netflix’s revenue was up 14.8% on a year-over-year basis. On average, sell-side analysts expect that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

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.