Candlestick Capital Management LP Sells 8,469 Shares of Netflix, Inc. (NASDAQ:NFLX)

Candlestick Capital Management LP lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.0% during the fourth quarter, Holdings Channel reports. The firm owned 112,640 shares of the Internet television network’s stock after selling 8,469 shares during the quarter. Netflix makes up about 2.3% of Candlestick Capital Management LP’s portfolio, making the stock its 8th largest holding. Candlestick Capital Management LP’s holdings in Netflix were worth $100,398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pathway Financial Advisers LLC grew its holdings in shares of 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 during the last quarter. Transce3nd LLC purchased a new position in shares of Netflix during the fourth quarter worth about $32,000. Newton One Investments LLC purchased a new position in shares of Netflix during the fourth quarter worth about $34,000. Pineridge Advisors LLC grew its holdings in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NFLX. Canaccord Genuity Group raised their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective on the stock in a report on Thursday, January 23rd. Moffett Nathanson reaffirmed a “buy” rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,200.00 price objective (up previously from $1,150.00) on shares of Netflix in a report on Friday, April 18th. Finally, Rosenblatt Securities lifted their price objective on Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a report on Monday, April 21st. Ten analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,072.12.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Monday, April 21st. 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 document filed with the SEC, which is available through this link. Also, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 273,855 shares of company stock valued at $267,474,816. Insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.4 %

Shares of Netflix stock opened at $1,101.53 on Monday. Netflix, Inc. has a fifty-two week low of $544.25 and a fifty-two week high of $1,106.80. The business’s fifty day moving average is $955.92 and its two-hundred day moving average is $906.10. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $468.78 billion, a PE ratio of 55.55, a P/E/G ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the company earned $8.28 EPS. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current 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.