Cascade Financial Partners LLC Has $648,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Cascade Financial Partners LLC lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 727 shares of the Internet television network’s stock after selling 12 shares during the period. Cascade Financial Partners LLC’s holdings in Netflix were worth $648,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new stake in Netflix during the third quarter worth $25,000. Pathway Financial Advisers LLC boosted its stake in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares in the last quarter. Newton One Investments LLC acquired a new stake in shares of Netflix in the 4th quarter valued at $34,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the 3rd quarter valued at $37,000. Finally, Pineridge Advisors LLC boosted its stake in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 41,121 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $30,946,506.10. This represents a 56.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 30,485 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $981.92, for a total value of $29,933,831.20. Following the sale, the chairman now owns 394 shares in the company, valued at approximately $386,876.48. This represents a 98.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock valued at $279,142,041 in the last quarter. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NFLX shares. Pivotal Research boosted their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Guggenheim boosted their target price 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 lifted their price target on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a 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 given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,014.26.

Netflix Price Performance

Shares of NFLX opened at $895.10 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a 50 day simple moving average of $949.66 and a 200 day simple moving average of $845.26. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The firm has a market capitalization of $382.89 billion, a PE ratio of 45.14, a P/E/G ratio of 2.12 and a beta of 1.38.

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