1,454 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,454 shares of the Internet television network's stock, valued at approximately $708,000.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in Netflix by 15,039.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network's stock valued at $1,010,553,000 after purchasing an additional 2,061,859 shares during the last quarter. Jennison Associates LLC boosted its position 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 buying an additional 1,573,978 shares during the period. Assenagon Asset Management S.A. grew its holdings in Netflix by 142.6% in 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 acquiring an additional 392,427 shares during the last quarter. Alecta Tjanstepension Omsesidigt increased its position in shares of Netflix by 171.4% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network's stock valued at $231,258,000 after acquiring an additional 300,000 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Netflix during the third quarter valued at about $99,219,000. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

NFLX traded down $2.93 during trading hours on Tuesday, hitting $613.66. The company's stock had a trading volume of 2,790,199 shares, compared to its average volume of 4,318,020. The stock has a market cap of $264.49 billion, a price-to-earnings ratio of 42.90, a P/E/G ratio of 1.48 and a beta of 1.23. The business's 50-day moving average price is $603.14 and its 200-day moving average price is $537.35. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $329.61 and a 12 month high of $639.00.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its 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. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix's revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.88 EPS. Sell-side analysts expect that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,181,250. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Gregory K. Peters sold 5,352 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the sale, the chief executive officer now owns 13,090 shares of the company's stock, valued at $8,181,250. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 564 shares of the business's stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,039 shares of company stock valued at $46,401,083. Company insiders own 1.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NFLX. DZ Bank upgraded shares of Netflix from a "hold" rating to a "buy" rating and set a $600.00 price target on the stock in a report on Thursday, January 25th. Canaccord Genuity Group restated a "hold" rating and issued a $585.00 target price (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. Bank of America increased their price target on shares of Netflix from $650.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $525.00 to $550.00 and gave the company a "hold" rating in a report on Monday, April 15th. Finally, Piper Sandler upped their price target on Netflix from $550.00 to $600.00 and gave the company a "neutral" rating in a report on Friday, April 12th. One research 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $631.15.

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.