Claro Advisors LLC Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Claro Advisors LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 47.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,679 shares of the Internet television network’s stock after buying an additional 1,186 shares during the period. Claro Advisors LLC’s holdings in Netflix were worth $2,609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Denver PWM LLC purchased a new stake in shares of Netflix in the 2nd quarter valued at $25,000. Proffitt & Goodson Inc. lifted its stake in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. AlphaMark Advisors LLC grew its stake in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC purchased a new position in shares of Netflix in the second quarter worth about $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, Director Leslie J. Kilgore sold 1,372 shares of Netflix stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $704.81, for a total transaction of $966,999.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the transaction, the chairman now directly owns 85 shares in the company, valued at $60,023.60. This trade represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 205,084 shares of company stock valued at $146,747,101 over the last ninety days. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NFLX. KeyCorp increased their target price on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Wedbush increased their price objective on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Pivotal Research raised their target price on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Jefferies Financial Group upped their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Benchmark reissued a “sell” rating and issued a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $748.15.

Netflix Stock Down 1.6 %

Shares of Netflix stock opened at $823.96 on Friday. The stock has a market capitalization of $352.21 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50-day simple moving average of $735.77 and a two-hundred day simple moving average of $680.46. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $841.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. On average, analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

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.