Quantum Private Wealth LLC Has $4.59 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Quantum Private Wealth LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,418 shares of the Internet television network’s stock after selling 105 shares during the quarter. Netflix comprises about 1.9% of Quantum Private Wealth LLC’s investment portfolio, making the stock its 8th largest position. Quantum Private Wealth LLC’s holdings in Netflix were worth $4,585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Authentikos Wealth Advisory LLC purchased a new stake in Netflix in the third quarter worth about $25,000. Spartan Planning & Wealth Management purchased a new stake in Netflix in the third quarter worth about $26,000. Carmel Capital Partners LLC grew its holdings in Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in Netflix by 89.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares during the period. Finally, Evermay Wealth Management LLC grew its holdings in Netflix by 94.9% in the first quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock worth $40,000 after purchasing an additional 56 shares during the period. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 13,655 shares of Netflix stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total value of $7,425,589.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, CEO Gregory K. Peters sold 13,655 shares of Netflix stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total value of $7,425,589.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock valued at $151,619,811 in the last three months. Corporate insiders own 2.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NFLX shares. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Bank of America increased their price target on shares of Netflix from $585.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Redburn Atlantic increased their price target on shares of Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. KeyCorp increased their price target on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Finally, Citigroup increased their price target on shares of Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $603.48.

Netflix Price Performance

NFLX traded down $6.75 during trading on Wednesday, hitting $610.77. 1,189,866 shares of the company traded hands, compared to its average volume of 4,211,808. The company has a market cap of $264.32 billion, a PE ratio of 51.23, a P/E/G ratio of 1.64 and a beta of 1.22. The stock’s 50-day simple moving average is $603.65 and its two-hundred day simple moving average is $510.44. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $8.83 billion for the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. During the same period in the previous year, the business posted $0.12 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Netflix, Inc. will post 17.03 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.