Quotient Wealth Partners LLC Has $1.63 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Quotient Wealth Partners LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.0% during the fourth quarter, HoldingsChannel reports. The fund owned 1,827 shares of the Internet television network’s stock after purchasing an additional 103 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Netflix were worth $1,628,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the last quarter. Newton One Investments LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $34,000. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the third quarter worth about $37,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Netflix in the third quarter worth approximately $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NFLX shares. Wedbush reissued an “outperform” rating and set a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. KeyCorp lifted their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and upped their price target for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group upped their target price on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 685 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,009.57, for a total value of $691,555.45. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,726,322.87. This trade represents a 15.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 299,517 shares of company stock worth $285,805,037. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

NASDAQ NFLX opened at $1,013.93 on Friday. 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 company has a market capitalization of $433.72 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,027.76. The company has a 50-day simple moving average of $917.36 and a 200 day simple moving average of $790.17.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 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 for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the business earned $2.11 earnings per share. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS 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.