Curated Wealth Partners LLC Sells 50 Shares of Netflix, Inc. (NASDAQ:NFLX)

Curated Wealth Partners LLC lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 13.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 332 shares of the Internet television network’s stock after selling 50 shares during the quarter. Curated Wealth Partners LLC’s holdings in Netflix were worth $296,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. increased its position in Netflix by 10.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 727 shares of the Internet television network’s stock worth $648,000 after acquiring an additional 70 shares during the period. CX Institutional grew its position in Netflix by 22.9% in the 4th quarter. CX Institutional now owns 2,596 shares of the Internet television network’s stock worth $2,314,000 after purchasing an additional 484 shares during the last quarter. Berbice Capital Management LLC bought a new position in shares of Netflix during the 4th quarter worth about $178,000. LexAurum Advisors LLC raised its position in shares of Netflix by 15.7% during the fourth quarter. LexAurum Advisors LLC now owns 442 shares of the Internet television network’s stock valued at $394,000 after buying an additional 60 shares during the last quarter. Finally, Rappaport Reiches Capital Management LLC lifted its stake in shares of Netflix by 1.3% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 3,234 shares of the Internet television network’s stock valued at $2,883,000 after buying an additional 41 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Trading Down 0.7 %

Shares of NASDAQ NFLX opened at $977.59 on Friday. The company’s 50 day simple moving average is $892.06 and its 200 day simple moving average is $764.95. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The firm has a market capitalization of $417.88 billion, a P/E ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the company earned $2.11 EPS. On average, analysts predict that Netflix, Inc. will post 23.72 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NFLX shares. KeyCorp boosted their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Wednesday. Evercore ISI raised their target price on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and set a $1,100.00 price objective (up from $950.00) on shares of Netflix in a report on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday. Finally, Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and upped their price objective for the company from $680.00 to $1,494.00 in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,009.29.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 617 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,117 shares of company stock worth $123,913,691. 1.76% of the stock is currently owned by company insiders.

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.