Clarity Wealth Advisors LLC Acquires 50 Shares of Netflix, Inc. (NASDAQ:NFLX)

Clarity Wealth Advisors LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 933 shares of the Internet television network’s stock after purchasing an additional 50 shares during the quarter. Clarity Wealth Advisors LLC’s holdings in Netflix were worth $832,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix during the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in 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 valued at $34,000 after purchasing an additional 42 shares during the period. Newton One Investments LLC bought a new stake in shares of Netflix in the 4th quarter valued at about $34,000. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the third quarter valued at approximately $37,000. Finally, FSA Wealth Management LLC purchased a new position in Netflix during the third quarter valued at approximately $38,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 299,517 shares of company stock worth $285,805,037. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on NFLX shares. Jefferies Financial Group increased their target price on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and raised their price objective for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Citigroup boosted their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Pivotal Research lifted their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Arete Research raised shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Down 0.2 %

Netflix stock opened at $1,013.93 on Friday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,027.76. The stock has a market capitalization of $433.72 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50 day simple moving average of $914.82 and a 200-day simple moving average of $787.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.11 earnings per share. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS 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.