Catalina Capital Group LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 49.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,251 shares of the Internet television network's stock after selling 1,203 shares during the period. Netflix makes up about 0.8% of Catalina Capital Group LLC's investment portfolio, making the stock its 28th largest position. Catalina Capital Group LLC's holdings in Netflix were worth $1,167,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix during the 4th quarter valued at $27,000. Transce3nd LLC bought a new position in Netflix during the 4th quarter valued at $32,000. Copia Wealth Management acquired a new position in Netflix during the 4th quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. increased its position in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Netflix
In other news, Director Ann Mather sold 1,358 shares of Netflix stock in a transaction on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jeffrey William Karbowski sold 640 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $1,097.04, for a total value of $702,105.60. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock valued at $210,271,552 in the last quarter. Insiders own 1.37% of the company's stock.
Wall Street Analyst Weigh In
NFLX has been the topic of a number of recent analyst reports. FBN Securities began coverage on shares of Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price on the stock. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Cfra Research raised Netflix to a "strong-buy" rating in a report on Monday, April 28th. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Finally, Wolfe Research set a $1,340.00 price target on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,156.73.
Read Our Latest Stock Analysis on Netflix
Netflix Stock Performance
Netflix stock traded up $1.62 during mid-day trading on Thursday, hitting $1,222.29. 2,277,207 shares of the company's stock traded hands, compared to its average volume of 3,745,034. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The firm has a 50 day moving average price of $1,138.51 and a 200 day moving average price of $1,006.33. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The company has a market cap of $520.17 billion, a PE ratio of 57.76, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59.
Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the prior year, the firm posted $8.28 earnings per share. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.
About Netflix
(
Free Report)
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.
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