Catalyst Financial Partners LLC Purchases 115 Shares of Netflix, Inc. (NASDAQ:NFLX)

Catalyst Financial Partners LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,370 shares of the Internet television network’s stock after acquiring an additional 115 shares during the period. Catalyst Financial Partners LLC’s holdings in Netflix were worth $667,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of NFLX. KFA Private Wealth Group LLC lifted its position in shares of Netflix by 1.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after purchasing an additional 18 shares during the last quarter. Addison Advisors LLC increased its position in shares of Netflix by 7.8% during the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after acquiring an additional 20 shares during the period. Regent Peak Wealth Advisors LLC increased its position in shares of Netflix by 1.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after acquiring an additional 21 shares during the period. Capital Advisors Ltd. LLC raised its stake in shares of Netflix by 5.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock valued at $191,000 after acquiring an additional 22 shares in the last quarter. Finally, Centurion Wealth Management LLC boosted its holdings in shares of Netflix by 2.4% in the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock valued at $479,000 after purchasing an additional 23 shares during the period. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NFLX. Seaport Res Ptn lowered Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. lifted their price objective on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Pivotal Research increased their target price on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Citigroup boosted their price target on shares of Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. Finally, Macquarie increased their price objective on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $631.15.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 268 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $18,764,328.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the transaction, the chairman now owns 28 shares of the company’s stock, valued at $15,443.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 268 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total value of $159,090.16. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,432 shares of company stock valued at $84,762,938. 1.76% of the stock is owned by insiders.

Netflix Price Performance

NFLX traded up $2.62 during midday trading on Thursday, hitting $612.09. 2,062,033 shares of the company traded hands, compared to its average volume of 4,378,251. The company has a market capitalization of $263.79 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 1.40 and a beta of 1.23. The business has a 50 day simple moving average of $603.11 and a two-hundred day simple moving average of $532.16. 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 52-week low of $329.51 and a 52-week high of $639.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.88 EPS. On average, equities analysts forecast 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.