Netflix, Inc. (NASDAQ:NFLX) Stock Position Boosted by Claro Advisors LLC

Claro Advisors LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,393 shares of the Internet television network’s stock after buying an additional 204 shares during the quarter. Claro Advisors LLC’s holdings in Netflix were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Spartan Planning & Wealth Management acquired a new stake in Netflix in the third quarter worth approximately $26,000. VitalStone Financial LLC lifted its holdings in shares of Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the period. Beaird Harris Wealth Management LLC boosted its stake in Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after buying an additional 62 shares in the last quarter. Scarborough Advisors LLC acquired a new position in Netflix during the fourth quarter worth about $32,000. Finally, Indiana Trust & Investment Management CO raised its position in Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $1.27 during midday trading on Monday, hitting $673.61. The company’s stock had a trading volume of 2,211,181 shares, compared to its average volume of 3,977,779. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50 day simple moving average is $628.93 and its 200 day simple moving average is $585.07. The stock has a market capitalization of $290.33 billion, a price-to-earnings ratio of 46.75, a PEG ratio of 1.46 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $689.88.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same quarter last year, the firm posted $2.88 EPS. The company’s revenue was up 14.8% on a year-over-year basis. As a group, research analysts anticipate that Netflix, Inc. will post 18.31 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the sale, the chairman now directly owns 28 shares in the company, valued at approximately $15,443.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,835,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at approximately $15,443.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,859 shares of company stock valued at $29,365,893. 1.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research reports. Guggenheim raised their price objective on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Canaccord Genuity Group lowered shares of Netflix from a “buy” rating to a “hold” rating and decreased their price target for the stock from $720.00 to $585.00 in a research report on Friday, April 19th. TD Cowen increased their price objective on Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Pivotal Research lifted their target price on Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $713.00 target price (up from $638.00) on shares of Netflix in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $633.53.

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.