Clarendon Private LLC Buys Shares of 745 Netflix, Inc. (NASDAQ:NFLX)

Clarendon Private LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, HoldingsChannel reports. The fund purchased 745 shares of the Internet television network’s stock, valued at approximately $664,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the 3rd quarter worth $37,000. FSA Wealth Management LLC bought a new position in Netflix during the 3rd quarter worth about $38,000. Finally, First Personal Financial Services acquired a new stake in shares of Netflix in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NFLX. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a research report on Thursday. Robert W. Baird lifted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday. Needham & Company LLC increased their target price on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company lifted their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $940.00 to $1,150.00 in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Down 0.7 %

Shares of NFLX opened at $977.59 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00. The firm’s 50 day moving average is $895.13 and its 200-day moving average is $766.98. The stock has a market capitalization of $417.88 billion, a PE ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $2.11 EPS. Equities research analysts forecast that Netflix, Inc. will post 23.72 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 617 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock valued at $123,913,691 over the last quarter. 1.76% of the stock is owned by corporate insiders.

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.