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

Claro Advisors LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,805 shares of the Internet television network’s stock after purchasing an additional 126 shares during the quarter. Claro Advisors LLC’s holdings in Netflix were worth $3,392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in Netflix during the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Netflix by 700.0% during the 3rd 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 period. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the 3rd quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix in the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix during the third quarter worth $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and set a $950.00 price objective (up from $800.00) on shares of Netflix in a report on Monday, November 18th. Bank of America upped their price objective on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Argus raised their target price on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Oppenheimer increased their price objective on Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Finally, Loop Capital lowered shares of Netflix from a “buy” rating to a “hold” rating and upped their target price for the stock from $800.00 to $950.00 in a report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $832.94.

Insider Activity

In related news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,742 shares of company stock valued at $131,030,268. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $3.14 during midday trading on Monday, reaching $834.55. 2,015,856 shares of the company were exchanged, compared to its average volume of 2,924,376. Netflix, Inc. has a one year low of $475.26 and a one year high of $941.75. The stock has a market cap of $356.74 billion, a P/E ratio of 47.23, a PEG ratio of 1.77 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average price is $878.06 and its 200-day moving average price is $753.78.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, sell-side analysts anticipate that Netflix, Inc. will post 19.78 earnings per share 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.