Candlestick Capital Management LP Sells 8,469 Shares of Netflix, Inc. (NASDAQ:NFLX)

Candlestick Capital Management LP lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,640 shares of the Internet television network's stock after selling 8,469 shares during the quarter. Netflix makes up 2.3% of Candlestick Capital Management LP's holdings, making the stock its 8th biggest position. Candlestick Capital Management LP's holdings in Netflix were worth $100,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC grew its position in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the period. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $32,000. Newton One Investments LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $34,000. Pineridge Advisors LLC grew its position in shares of Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC grew its position in shares of Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 41,121 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 273,855 shares of company stock worth $267,474,816 over the last ninety 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. 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 stock 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 50 day moving average price of $955.92 and a 200 day moving average price of $906.10. Netflix, Inc. has a fifty-two week low of $544.25 and a fifty-two week high of $1,106.80.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period last year, the business earned $8.28 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NFLX. The Goldman Sachs Group lifted their target price on shares of Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Barclays raised their price target on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Monday, April 21st. UBS Group decreased their price target on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. BMO Capital Markets reissued an "outperform" rating and issued a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Finally, Moffett Nathanson reissued a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Ten 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. According to data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,072.12.

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.

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