Aurora Private Wealth Inc. Has $28.65 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Aurora Private Wealth Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3,228.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,722 shares of the Internet television network's stock after buying an additional 29,799 shares during the quarter. Netflix comprises approximately 0.8% of Aurora Private Wealth Inc.'s investment portfolio, making the stock its 18th biggest holding. Aurora Private Wealth Inc.'s holdings in Netflix were worth $28,649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Norges Bank acquired a new stake in Netflix during the 4th quarter worth approximately $5,019,087,000. Proficio Capital Partners LLC increased its position in shares of Netflix by 123,836.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after acquiring an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Netflix by 59.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after acquiring an additional 856,307 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Netflix by 318.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after acquiring an additional 743,724 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the transaction, the director now owns 79,040 shares in the company, valued at approximately $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 620 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,280 shares of company stock valued at $210,599,866. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Moffett Nathanson reiterated a "buy" rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Loop Capital reissued a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Rosenblatt Securities upped their target price on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. FBN Securities started coverage on Netflix in a research report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price target for the company. Finally, Citigroup reaffirmed a "neutral" rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,172.73.

Netflix Price Performance

NFLX stock traded up $31.42 during midday trading on Thursday, reaching $1,306.67. The company had a trading volume of 2,601,963 shares, compared to its average volume of 3,739,282. The stock has a 50 day moving average price of $1,169.57 and a 200-day moving average price of $1,018.04. The company has a market capitalization of $556.08 billion, a price-to-earnings ratio of 61.75, a price-to-earnings-growth ratio of 2.47 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,307.49.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the prior year, the business earned $8.28 earnings per share. Equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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.