Catalyst Capital Advisors LLC Trims Holdings in Netflix, Inc. (NASDAQ:NFLX)

Catalyst Capital Advisors LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLXGet Rating) by 10.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,665 shares of the Internet television network’s stock after selling 426 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Netflix were worth $2,209,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BerganKDV Wealth Management LLC lifted its stake in shares of Netflix by 4.4% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 449 shares of the Internet television network’s stock valued at $274,000 after purchasing an additional 19 shares during the last quarter. MCF Advisors LLC increased its holdings in Netflix by 7.2% during the 3rd quarter. MCF Advisors LLC now owns 283 shares of the Internet television network’s stock worth $173,000 after purchasing an additional 19 shares during the period. Avidian Wealth Solutions LLC increased its holdings in Netflix by 2.8% during the 3rd quarter. Avidian Wealth Solutions LLC now owns 736 shares of the Internet television network’s stock worth $449,000 after purchasing an additional 20 shares during the period. Oxbow Advisors LLC increased its holdings in shares of Netflix by 4.6% in the 3rd quarter. Oxbow Advisors LLC now owns 454 shares of the Internet television network’s stock valued at $277,000 after acquiring an additional 20 shares during the last quarter. Finally, Wealth Architects LLC increased its holdings in shares of Netflix by 2.6% in the 4th quarter. Wealth Architects LLC now owns 830 shares of the Internet television network’s stock valued at $500,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

NFLX has been the subject of a number of recent research reports. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research report on Friday, January 21st. TheStreet downgraded Netflix from a “b” rating to a “c+” rating in a research report on Thursday, January 20th. Deutsche Bank Aktiengesellschaft dropped their price target on Netflix from $465.00 to $300.00 and set a “hold” rating for the company in a research report on Wednesday, April 20th. JPMorgan Chase & Co. downgraded Netflix from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $605.00 to $300.00 in a research report on Wednesday, April 20th. Finally, Monness Crespi & Hardt downgraded Netflix from a “buy” rating to a “neutral” rating in a research report on Friday, January 21st. Three research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $386.31.

Shares of NASDAQ NFLX traded up $13.33 during trading on Friday, reaching $187.64. 13,107,053 shares of the company traded hands, compared to its average volume of 23,683,548. The firm has a 50 day simple moving average of $302.23 and a 200-day simple moving average of $458.02. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $83.36 billion, a PE ratio of 17.03, a P/E/G ratio of 0.87 and a beta of 1.28. Netflix, Inc. has a 52-week low of $162.71 and a 52-week high of $700.99.

Netflix (NASDAQ:NFLXGet Rating) last issued its quarterly earnings data on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.61. Netflix had a net margin of 16.47% and a return on equity of 32.01%. The firm had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter in the prior year, the business earned $3.75 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, research analysts predict that Netflix, Inc. will post 10.88 EPS for the current year.

About Netflix (Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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