Quadcap Wealth Management LLC Sells 224 Shares of Netflix, Inc. (NASDAQ:NFLX)

Quadcap Wealth Management LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.5% during the fourth quarter, Holdings Channel reports. The fund owned 4,705 shares of the Internet television network’s stock after selling 224 shares during the period. Quadcap Wealth Management LLC’s holdings in Netflix were worth $4,194,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% during the 4th 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. Transce3nd LLC bought a new position in Netflix during the 4th quarter worth about $32,000. Newton One Investments LLC bought a new position in Netflix during the 4th quarter worth about $34,000. Pineridge Advisors LLC grew its holdings 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 acquiring an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after acquiring an additional 16 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 1,358 shares of Netflix stock in a transaction on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 132,868 shares of company stock worth $138,483,256 in the last 90 days. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on NFLX. Benchmark reiterated a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Evercore ISI lifted their price target on shares of Netflix from $1,100.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Monday, April 21st. Robert W. Baird boosted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Bank of America boosted their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,084.91.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,150.99 on Thursday. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,164.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $489.83 billion, a P/E ratio of 58.04, a P/E/G ratio of 2.12 and a beta of 1.58. The firm’s 50-day moving average price is $997.19 and its 200-day moving average price is $939.66.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the firm posted $8.28 EPS. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share 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.