Catalyst Financial Partners LLC Acquires 267 Shares of Netflix, Inc. (NASDAQ:NFLX)

Catalyst Financial Partners LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 17.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,780 shares of the Internet television network’s stock after purchasing an additional 267 shares during the period. Catalyst Financial Partners LLC’s holdings in Netflix were worth $1,263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. GQG Partners LLC bought a new position in shares of Netflix during the 1st quarter worth approximately $1,450,476,000. Jennison Associates LLC boosted its stake in shares of Netflix by 17.0% in the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after buying an additional 929,193 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after acquiring an additional 642,920 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new stake in shares of Netflix during the first quarter valued at approximately $372,293,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NFLX. JPMorgan Chase & Co. upped their price objective on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Benchmark reaffirmed a “sell” rating and issued a $545.00 price objective on shares of Netflix in a research report on Tuesday, October 15th. Piper Sandler reiterated an “overweight” rating and issued a $840.00 target price (up from $800.00) on shares of Netflix in a research note on Friday, October 18th. Citigroup lifted their price target on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group increased their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $748.15.

Get Our Latest Report on NFLX

Netflix Stock Down 0.8 %

NFLX opened at $753.74 on Thursday. Netflix, Inc. has a 12 month low of $404.63 and a 12 month high of $773.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $710.23 and its 200-day moving average price is $662.33. The company has a market cap of $322.19 billion, a P/E ratio of 42.66, a P/E/G ratio of 1.45 and a beta of 1.26.

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now owns 35,262 shares in the company, valued at $26,975,430. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the transaction, the chairman now owns 85 shares in the company, valued at approximately $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at $26,975,430. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,810 shares of company stock worth $142,049,542. 1.76% of the stock is currently owned by insiders.

About Netflix

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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