Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Lifted by Clear Street Derivatives LLC

Clear Street Derivatives LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 365.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,247 shares of the Internet television network's stock after acquiring an additional 2,549 shares during the quarter. Netflix comprises approximately 0.0% of Clear Street Derivatives LLC's holdings, making the stock its 22nd largest position. Clear Street Derivatives LLC's holdings in Netflix were worth $2,894,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Deutsche Bank AG raised its stake in shares of Netflix by 5.1% in the fourth quarter. Deutsche Bank AG now owns 1,303,103 shares of the Internet television network's stock valued at $1,161,482,000 after purchasing an additional 63,534 shares in the last quarter. Diligent Investors LLC grew its position in shares of Netflix by 17.7% during the 4th quarter. Diligent Investors LLC now owns 1,387 shares of the Internet television network's stock worth $1,236,000 after buying an additional 209 shares during the period. Dunhill Financial LLC grew its stake in shares of Netflix by 59.9% during the fourth quarter. Dunhill Financial LLC now owns 462 shares of the Internet television network's stock worth $412,000 after purchasing an additional 173 shares during the period. EP Wealth Advisors LLC raised its position in shares of Netflix by 4.7% during the fourth quarter. EP Wealth Advisors LLC now owns 17,592 shares of the Internet television network's stock worth $15,680,000 after purchasing an additional 789 shares during the period. Finally, Colonial Trust Co SC boosted its position in shares of Netflix by 191.7% during the fourth quarter. Colonial Trust Co SC now owns 913 shares of the Internet television network's stock worth $814,000 after buying an additional 600 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on NFLX shares. Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. Pivotal Research lifted their price objective on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Seaport Res Ptn upgraded shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. StockNews.com downgraded Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Cfra Research raised Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,084.91.

Netflix Stock Performance

NASDAQ NFLX opened at $1,155.41 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $491.71 billion, a PE ratio of 58.27, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a 50-day simple moving average of $978.21 and a 200 day simple moving average of $926.63. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,167.35.

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

Insider Activity

In related news, insider Cletus R. Willems sold 298 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $35,972,180. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,027 shares of Netflix stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the completion of the transaction, the chief executive officer now owns 12,781 shares in the company, valued at approximately $14,589,639.31. The trade was a 13.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,530 shares of company stock worth $137,602,751. 1.76% of the stock is owned by company insiders.

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.

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