Clare Market Investments LLC Has $13.82 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Clare Market Investments LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,823 shares of the Internet television network's stock after acquiring an additional 1,217 shares during the period. Netflix accounts for 3.6% of Clare Market Investments LLC's investment portfolio, making the stock its 7th largest holding. Clare Market Investments LLC's holdings in Netflix were worth $13,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after buying an additional 8,827,662 shares during the period. Norges Bank acquired a new position in shares of Netflix during the 4th quarter valued at $5,019,087,000. Proficio Capital Partners LLC boosted its stake in 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 boosted its stake in Netflix by 59.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after acquiring an additional 856,307 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after purchasing an additional 743,724 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity at Netflix

In related news, Director Ann Mather sold 1,358 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Reed Hastings sold 26,933 shares of Netflix stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the transaction, the director now directly owns 394 shares of the company's stock, valued at $477,394.04. The trade was a 98.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 153,390 shares of company stock worth $170,509,439. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Performance

Shares of NFLX traded down $9.05 during mid-day trading on Friday, hitting $1,241.47. The stock had a trading volume of 2,554,452 shares, compared to its average volume of 3,744,911. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. 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 fifty day moving average price of $1,081.54 and a 200-day moving average price of $985.25. The firm has a market cap of $528.33 billion, a P/E ratio of 62.61, a PEG ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the previous year, the business posted $8.28 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NFLX. KeyCorp increased their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $1,220.00 price target (up from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. BMO Capital Markets reissued an "outperform" rating and issued a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Finally, Barclays increased their target price on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Monday, April 21st. Eleven 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,149.91.

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.