Cable Hill Partners LLC Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

Cable Hill Partners LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 27.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,327 shares of the Internet television network’s stock after selling 500 shares during the period. Cable Hill Partners LLC’s holdings in Netflix were worth $1,183,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NFLX. Heritage Investors Management Corp lifted its position in Netflix by 0.9% during the 4th quarter. Heritage Investors Management Corp now owns 1,381 shares of the Internet television network’s stock worth $1,231,000 after acquiring an additional 12 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Netflix in the fourth quarter worth about $476,000. NewEdge Wealth LLC lifted its holdings in shares of Netflix by 3.5% during the fourth quarter. NewEdge Wealth LLC now owns 17,438 shares of the Internet television network’s stock worth $15,543,000 after purchasing an additional 593 shares during the period. Magnolia Private Wealth LLC purchased a new stake in Netflix in the fourth quarter valued at approximately $446,000. Finally, Checchi Capital Advisers LLC increased its holdings in Netflix by 0.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,735 shares of the Internet television network’s stock worth $3,329,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. Guggenheim lifted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Macquarie boosted their target price on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Loop Capital upped their price target on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Evercore ISI lifted their price objective on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, KeyCorp upped their target price on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Strive Masiyiwa sold 2,813 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were 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. Over the last quarter, insiders sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is owned by company insiders.

Netflix Trading Up 1.3 %

Shares of Netflix stock opened at $990.06 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s 50 day simple moving average is $945.07 and its 200-day simple moving average is $827.46. The stock has a market cap of $423.51 billion, a P/E ratio of 49.93, a P/E/G ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50.

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

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.