Quantum Private Wealth LLC Sells 120 Shares of Netflix, Inc. (NASDAQ:NFLX)

Quantum Private Wealth LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,321 shares of the Internet television network’s stock after selling 120 shares during the quarter. Netflix comprises about 2.4% of Quantum Private Wealth LLC’s investment portfolio, making the stock its 8th largest holding. Quantum Private Wealth LLC’s holdings in Netflix were worth $7,417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NFLX. Nordea Investment Management AB increased its holdings in shares of Netflix by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares during the period. Charles Schwab Investment Management Inc. grew its position in Netflix by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after buying an additional 29,726 shares in the last quarter. Natixis Advisors LLC increased its stake in Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after acquiring an additional 11,921 shares during the period. M&T Bank Corp raised its holdings in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after acquiring an additional 1,684 shares in the last quarter. Finally, Quilter Plc lifted its position in shares of Netflix by 8.2% during the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock valued at $128,133,000 after acquiring an additional 10,946 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NFLX. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and raised their price target for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and raised their target price for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. The Goldman Sachs Group upped their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley boosted their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,809 shares of company stock valued at $290,374,484. 1.76% of the stock is currently owned by insiders.

Netflix Trading Up 1.4 %

NASDAQ NFLX opened at $1,058.60 on Friday. The firm has a market capitalization of $452.83 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The business’s 50-day moving average price is $929.40 and its two-hundred day moving average price is $804.02. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 earnings per share. On average, analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix 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.