Catalyst Capital Advisors LLC Has $2.87 Million Holdings in Netflix, Inc. (NFLX)

Catalyst Capital Advisors LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,850 shares of the Internet television network’s stock after purchasing an additional 2,150 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Netflix were worth $2,874,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its position in shares of Netflix by 0.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after buying an additional 10 shares during the period. Kalos Management Inc. grew its position in shares of Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after buying an additional 12 shares during the period. Northwest Wealth Management LLC grew its position in shares of Netflix by 0.8% during the 2nd quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock worth $282,000 after buying an additional 15 shares during the period. Lincoln Capital Corp grew its position in shares of Netflix by 1.0% during the 2nd quarter. Lincoln Capital Corp now owns 2,020 shares of the Internet television network’s stock worth $302,000 after buying an additional 20 shares during the period. Finally, Appropriate Balance Financial Services Inc. grew its position in shares of Netflix by 5.6% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock worth $4,701,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors own 80.32% of the company’s stock.

In related news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total transaction of $331,440.00. Following the transaction, the director now directly owns 8,012 shares in the company, valued at approximately $1,327,748.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Reed Hastings sold 75,467 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $185.02, for a total value of $13,962,904.34. Following the transaction, the chief executive officer now owns 75,467 shares in the company, valued at $13,962,904.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 250,692 shares of company stock worth $48,074,934. 4.90% of the stock is owned by company insiders.

Netflix, Inc. (NASDAQ NFLX) traded up $1.79 on Tuesday, hitting $195.89. The stock had a trading volume of 2,265,675 shares, compared to its average volume of 6,676,404. The company has a market cap of $85,010.00, a price-to-earnings ratio of 195.15, a price-to-earnings-growth ratio of 5.74 and a beta of 1.39. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix, Inc. has a 52-week low of $113.95 and a 52-week high of $204.38.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company’s revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. research analysts forecast that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Catalyst Capital Advisors LLC Has $2.87 Million Holdings in Netflix, Inc. (NFLX)” was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://transcriptdaily.com/2017/11/21/catalyst-capital-advisors-llc-has-2-87-million-holdings-in-netflix-inc-nflx.html.

Several brokerages have recently commented on NFLX. Stifel Nicolaus raised their price objective on shares of Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $225.00 price target (up previously from $210.00) on shares of Netflix in a research report on Friday, October 13th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $210.19 price target for the company in a research report on Thursday, October 19th. MKM Partners lifted their price target on shares of Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $215.00 price target (up previously from $198.00) on shares of Netflix in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and thirty-three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $207.20.

Netflix Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply