Aspiriant LLC Acquires 174 Shares of Netflix, Inc. (NASDAQ:NFLX)

Aspiriant LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,573 shares of the Internet television network’s stock after buying an additional 174 shares during the period. Aspiriant LLC’s holdings in Netflix were worth $1,402,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Reliant Investment Management LLC purchased a new position in Netflix in the 4th quarter worth about $5,627,000. Ballentine Partners LLC raised its position in Netflix by 4.5% in the 4th quarter. Ballentine Partners LLC now owns 6,633 shares of the Internet television network’s stock worth $5,912,000 after buying an additional 287 shares during the last quarter. Pure Financial Advisors LLC raised its position in Netflix by 39.4% in the 4th quarter. Pure Financial Advisors LLC now owns 1,919 shares of the Internet television network’s stock worth $1,710,000 after buying an additional 542 shares during the last quarter. Tudor Financial Inc. purchased a new position in Netflix in the 4th quarter worth about $245,000. Finally, Koshinski Asset Management Inc. raised its position in Netflix by 16.3% in the 4th quarter. Koshinski Asset Management Inc. now owns 2,124 shares of the Internet television network’s stock worth $1,893,000 after buying an additional 298 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard N. Barton sold 6,364 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of several research analyst reports. Bank of America increased their target price on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Oppenheimer dropped their price objective on shares of Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. UBS Group boosted their target price on Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Jefferies Financial Group increased their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $845.06.

Netflix Stock Up 1.9 %

Netflix stock opened at $858.10 on Tuesday. 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 business’s 50-day simple moving average is $884.58 and its two-hundred day simple moving average is $759.58. The company has a market cap of $366.80 billion, a PE ratio of 48.56, a PEG ratio of 1.40 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $476.06 and a fifty-two week high of $941.75.

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.