Netflix, Inc. (NASDAQ:NFLX) Holdings Raised by Claro Advisors LLC

Claro Advisors LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 776.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,845 shares of the Internet television network’s stock after purchasing an additional 19,352 shares during the quarter. Netflix accounts for approximately 1.5% of Claro Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Claro Advisors LLC’s holdings in Netflix were worth $15,494,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Netflix by 0.4% in the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after acquiring an additional 149,341 shares during the period. Jennison Associates LLC raised its position in shares of Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after acquiring an additional 929,193 shares during the period. Baillie Gifford & Co. raised its position in shares of Netflix by 2.3% during the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after purchasing an additional 106,756 shares during the last quarter. Legal & General Group Plc raised its position in shares of Netflix by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock worth $2,327,738,000 after purchasing an additional 104,332 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Netflix by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,281,306 shares of the Internet television network’s stock worth $2,214,488,000 after purchasing an additional 83,762 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the transaction, the chairman now owns 57 shares of the company’s stock, valued at $35,991.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at $35,991.51. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 225,167 shares of company stock valued at $150,492,460 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 9.6 %

NFLX stock traded up $65.88 during midday trading on Friday, hitting $753.53. The company’s stock had a trading volume of 5,342,535 shares, compared to its average volume of 3,670,801. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 52-week low of $392.26 and a 52-week high of $756.90. The firm has a market capitalization of $324.77 billion, a P/E ratio of 52.36, a PEG ratio of 1.49 and a beta of 1.26. The firm has a 50-day simple moving average of $693.78 and a 200-day simple moving average of $653.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter last year, the company posted $3.29 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. As a group, equities analysts forecast that Netflix, Inc. will post 19.08 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on NFLX. Needham & Company LLC upped their price target on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday. Rosenblatt Securities upped their price target on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday. TD Cowen upped their price target on shares of Netflix from $775.00 to $820.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Oppenheimer upped their price target on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Benchmark restated a “sell” rating and set a $545.00 price target on shares of Netflix in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $718.97.

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.