Curated Wealth Partners LLC Acquires 173 Shares of Netflix, Inc. (NASDAQ:NFLX)

Curated Wealth Partners LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 52.1% during the 1st quarter, Holdings Channel reports. The firm owned 505 shares of the Internet television network’s stock after purchasing an additional 173 shares during the period. Curated Wealth Partners LLC’s holdings in Netflix were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in NFLX. Parsons Capital Management Inc. RI grew its holdings in shares of Netflix by 8.3% during the 1st quarter. Parsons Capital Management Inc. RI now owns 1,136 shares of the Internet television network’s stock worth $1,059,000 after purchasing an additional 87 shares in the last quarter. Ibex Wealth Advisors raised its stake in Netflix by 11.7% in the first quarter. Ibex Wealth Advisors now owns 5,018 shares of the Internet television network’s stock valued at $4,679,000 after purchasing an additional 526 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in Netflix by 19.4% during the first quarter. SJS Investment Consulting Inc. now owns 228 shares of the Internet television network’s stock worth $213,000 after purchasing an additional 37 shares during the period. Sonora Investment Management Group LLC lifted its position in Netflix by 21.4% during the first quarter. Sonora Investment Management Group LLC now owns 880 shares of the Internet television network’s stock worth $821,000 after purchasing an additional 155 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Netflix by 29.6% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 12,401 shares of the Internet television network’s stock worth $11,561,000 after buying an additional 2,830 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company’s stock, valued at $3,402,068.52. This trade represents a 41.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock valued at $210,271,552 in the last ninety days. 1.37% of the stock is owned by company insiders.

Netflix Trading Down 1.4%

NASDAQ:NFLX opened at $1,224.46 on Tuesday. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm’s fifty day moving average is $1,093.58 and its 200-day moving average is $991.46. The firm has a market cap of $521.09 billion, a P/E ratio of 61.75, a P/E/G ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating 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 analysts’ expectations of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 earnings per share. Equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on NFLX shares. Morgan Stanley raised their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday, April 21st. FBN Securities initiated coverage on shares of Netflix in a research note on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price objective on the stock. Moffett Nathanson restated a “buy” rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. KeyCorp upped their target price on Netflix from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Finally, Wedbush reiterated an “outperform” rating and issued a $1,200.00 price target on shares of Netflix in a research note on Monday, May 5th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,149.91.

Netflix 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.