Netflix, Inc. (NASDAQ:NFLX) is Claro Advisors LLC’s 10th Largest Position

Claro Advisors LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 776.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,845 shares of the Internet television network’s stock after acquiring an additional 19,352 shares during the period. Netflix makes up approximately 1.5% of Claro Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Claro Advisors LLC’s holdings in Netflix were worth $15,494,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DigitalBridge Group Inc. grew its position in Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after acquiring an additional 9,451 shares in the last quarter. M&G Plc purchased a new position in shares of Netflix during the first quarter valued at approximately $9,682,000. BSN CAPITAL PARTNERS Ltd boosted its position in shares of Netflix by 24.4% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock valued at $155,185,000 after buying an additional 49,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Netflix by 58.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock valued at $55,968,000 after buying an additional 30,511 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its position in shares of Netflix by 14.9% during the first quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock valued at $6,274,000 after buying an additional 1,342 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the sale, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 225,167 shares of company stock valued at $150,492,460 over the last ninety days. 1.76% of the stock is currently owned by insiders.

Netflix Stock Up 9.6 %

Shares of NFLX stock traded up $65.88 during trading hours on Friday, reaching $753.53. 5,342,535 shares of the company’s stock were exchanged, compared to its average volume of 3,670,801. The company has a market cap of $324.77 billion, a price-to-earnings ratio of 52.36, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a fifty-two week low of $392.26 and a fifty-two week high of $756.90. The stock’s 50 day moving average is $693.78 and its 200-day moving average is $653.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.29 earnings per share. Analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NFLX. Guggenheim boosted their target price on Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Needham & Company LLC boosted their target price on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group boosted their target price on Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Bank of America lifted their price target on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $718.97.

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.