Stage Harbor Financial LLC Has $265,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

Stage Harbor Financial LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 14.2% in the 4th quarter, Holdings Channel reports. The firm owned 297 shares of the Internet television network’s stock after selling 49 shares during the quarter. Stage Harbor Financial LLC’s holdings in Netflix were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. Principal Financial Group Inc. boosted its stake in shares of Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after purchasing an additional 198,148 shares in the last quarter. Fiduciary Trust Co grew its stake in Netflix by 12.7% during the third quarter. Fiduciary Trust Co now owns 3,010 shares of the Internet television network’s stock worth $2,135,000 after buying an additional 339 shares during the last quarter. Martingale Asset Management L P increased its holdings in shares of Netflix by 322.3% during the third quarter. Martingale Asset Management L P now owns 4,438 shares of the Internet television network’s stock worth $3,148,000 after buying an additional 3,387 shares in the last quarter. Circle Wealth Management LLC raised its stake in shares of Netflix by 26.3% in the third quarter. Circle Wealth Management LLC now owns 7,098 shares of the Internet television network’s stock valued at $5,034,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Netflix by 2.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 328,982 shares of the Internet television network’s stock worth $233,337,000 after acquiring an additional 7,127 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NFLX. Guggenheim raised their price target on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Oppenheimer raised their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.02.

Netflix Stock Performance

Shares of Netflix stock opened at $933.85 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $399.46 billion, a price-to-earnings ratio of 47.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The stock’s 50-day moving average is $971.74 and its 200-day moving average is $868.10. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its earnings results 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. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 35,868 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the transaction, the chairman now owns 114 shares of the company’s stock, valued at $101,241.12. The trade was a 99.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 288,583 shares of company stock worth $279,611,567. 1.76% of the stock is owned by insiders.

About Netflix

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.