Quarry LP Has $206,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Quarry LP trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 70.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 231 shares of the Internet television network’s stock after selling 539 shares during the period. Quarry LP’s holdings in Netflix were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of NFLX. Norges Bank acquired a new position in Netflix during the fourth quarter valued at $5,019,087,000. Proficio Capital Partners LLC raised its position in Netflix by 123,836.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock valued at $1,716,662,000 after buying an additional 1,924,423 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Netflix by 59.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock valued at $2,051,016,000 after buying an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA raised its position in Netflix by 318.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network’s stock valued at $870,752,000 after buying an additional 743,724 shares during the period. Finally, Strategic Financial Concepts LLC grew its stake in Netflix by 112,896.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock valued at $340,420,000 after purchasing an additional 381,590 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the sale, the insider now owns 31,610 shares in the company, valued at $30,946,506.10. This represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 273,855 shares of company stock worth $267,474,816 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.4 %

Shares of NFLX stock opened at $1,101.53 on Monday. Netflix, Inc. has a 1 year low of $544.25 and a 1 year high of $1,106.80. The firm’s fifty day simple moving average is $955.92 and its 200 day simple moving average is $906.10. The firm has a market capitalization of $468.78 billion, a P/E ratio of 55.55, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the firm posted $8.28 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Moffett Nathanson reaffirmed a “buy” rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Oppenheimer reaffirmed an “outperform” rating and set a $1,200.00 price objective (up previously from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Robert W. Baird raised their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, FBN Securities started coverage on shares of Netflix in a research report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,072.12.

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.