Claro Advisors LLC Purchases 126 Shares of Netflix, Inc. (NASDAQ:NFLX)

Claro Advisors LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 3.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,805 shares of the Internet television network’s stock after purchasing an additional 126 shares during the period. Claro Advisors LLC’s holdings in Netflix were worth $3,392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC purchased a new stake in Netflix during the 3rd quarter valued at $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix in the 3rd quarter worth $40,000. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. The trade was a 24.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 156,742 shares of company stock worth $131,030,268. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NFLX. Oppenheimer raised their target price on Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Rosenblatt Securities boosted their price objective on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. KeyCorp boosted their price target on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Bank of America raised their price objective on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. cut their price objective on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $832.94.

Netflix Stock Performance

NASDAQ NFLX traded down $3.14 on Monday, hitting $834.55. 2,015,856 shares of the company’s stock traded hands, compared to its average volume of 2,924,376. The firm’s 50-day moving average price is $878.06 and its two-hundred day moving average price is $753.78. The firm has a market capitalization of $356.74 billion, a PE ratio of 47.23, a P/E/G ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 1-year low of $475.26 and a 1-year high of $941.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

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.