Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,665 shares of the Internet television network’s stock after selling 426 shares during the period. Catalyst Capital Advisors LLC’s holdings in Netflix were worth $2,209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Rational Advisors LLC increased its stake in shares of Netflix by 352.0% in the fourth quarter. Rational Advisors LLC now owns 8,000 shares of the Internet television network’s stock worth $4,820,000 after buying an additional 6,230 shares during the last quarter. Independent Wealth Network Inc. lifted its holdings in Netflix by 9.5% in the 4th quarter. Independent Wealth Network Inc. now owns 440 shares of the Internet television network’s stock valued at $265,000 after acquiring an additional 38 shares during the last quarter. Lumature Wealth Partners LLC grew its position in Netflix by 2.4% in the fourth quarter. Lumature Wealth Partners LLC now owns 1,481 shares of the Internet television network’s stock worth $892,000 after buying an additional 35 shares during the last quarter. Confluence Wealth Services Inc. acquired a new position in Netflix in the fourth quarter worth approximately $595,000. Finally, DAVENPORT & Co LLC grew its position in Netflix by 3.4% in the fourth quarter. DAVENPORT & Co LLC now owns 2,997 shares of the Internet television network’s stock worth $1,806,000 after buying an additional 98 shares during the last quarter. Institutional investors own 80.97% of the company’s stock.

Several equities analysts have weighed in on the stock. Atlantic Securities cut shares of Netflix from an “overweight” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research report on Wednesday, April 20th. Monness Crespi & Hardt cut shares of Netflix from a “buy” rating to a “neutral” rating in a research note on Friday, January 21st. Rosenblatt Securities initiated coverage on shares of Netflix in a research note on Tuesday, April 19th. They set a “neutral” rating and a $354.00 price objective on the stock. Edward Jones lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. Finally, Macquarie lowered shares of Netflix to a “sell” rating in a research report on Friday, April 22nd. Three investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $386.31.

Shares of NASDAQ:NFLX traded up $13.33 on Friday, hitting $187.64. 13,107,053 shares of the company’s stock were exchanged, compared to its average volume of 23,683,548. Netflix, Inc. has a 1-year low of $162.71 and a 1-year high of $700.99. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $83.36 billion, a PE ratio of 17.03, a P/E/G ratio of 0.87 and a beta of 1.28. The firm’s 50-day moving average is $302.23 and its 200 day moving average is $458.02.

Netflix (NASDAQ:NFLXGet Rating) last announced its earnings results on Tuesday, April 19th. The Internet television network reported $3.53 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.61. Netflix had a return on equity of 32.01% and a net margin of 16.47%. The firm had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter in the prior year, the firm earned $3.75 EPS. Netflix’s quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts anticipate that Netflix, Inc. will post 10.88 EPS for the current fiscal year.

Netflix Company Profile (Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

Recommended Stories

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.