AlphaQuest LLC Has $1.02 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

AlphaQuest LLC cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 58.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,143 shares of the Internet television network’s stock after selling 1,617 shares during the period. AlphaQuest LLC’s holdings in Netflix were worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC boosted its stake in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix during the 3rd quarter worth about $25,000. Newton One Investments LLC acquired a new position in shares of Netflix during the 4th quarter worth about $34,000. Pineridge Advisors LLC boosted its stake in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ann Mather sold 2,682 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 288,103 shares of company stock worth $279,142,041. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Down 2.7 %

Shares of NFLX opened at $866.68 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $370.73 billion, a PE ratio of 43.71, a P/E/G ratio of 2.12 and a beta of 1.38. The firm’s 50 day moving average is $949.59 and its 200-day moving average is $843.79. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $2.11 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent research reports. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. KeyCorp upped their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group upped their target price on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Arete Research raised shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Finally, Citigroup upped their target price on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,014.26.

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.