Catalina Capital Group LLC Decreases Position in Netflix, Inc. (NASDAQ:NFLX)

Catalina Capital Group LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 49.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,251 shares of the Internet television network’s stock after selling 1,203 shares during the quarter. Netflix accounts for 0.8% of Catalina Capital Group LLC’s investment portfolio, making the stock its 28th biggest position. Catalina Capital Group LLC’s holdings in Netflix were worth $1,167,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. West Michigan Advisors LLC raised its position in Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock worth $692,000 after purchasing an additional 10 shares during the period. Warwick Investment Management Inc. grew its holdings in Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after acquiring an additional 10 shares during the last quarter. MRP Capital Investments LLC grew its holdings in Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after acquiring an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC grew its holdings in Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock worth $412,000 after acquiring an additional 10 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. grew its holdings in Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock worth $3,410,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.1%

Shares of Netflix stock opened at $1,222.29 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $520.17 billion, a PE ratio of 57.76, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81. The company has a 50-day simple moving average of $1,138.51 and a two-hundred day simple moving average of $1,006.33.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The business had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. During the same period in the previous year, the company earned $8.28 earnings per share. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock valued at $210,271,552 over the last three months. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $1,126.00 price target on shares of Netflix in a report on Thursday, April 17th. UBS Group raised their price target on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Jefferies Financial Group raised their price target on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Evercore ISI reissued an “outperform” rating on shares of Netflix in a report on Thursday, May 15th. Finally, Moffett Nathanson reaffirmed a “buy” rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,156.73.

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.