Clear Street Derivatives LLC Has $2.89 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Clear Street Derivatives LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 365.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,247 shares of the Internet television network's stock after acquiring an additional 2,549 shares during the period. Netflix comprises 0.0% of Clear Street Derivatives LLC's holdings, making the stock its 22nd biggest position. Clear Street Derivatives LLC's holdings in Netflix were worth $2,894,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. Piper Sandler set a $1,150.00 target price on shares of Netflix and gave the company an "overweight" rating in a report on Monday, April 21st. Arete Research raised Netflix to a "hold" rating in a research note on Thursday, January 23rd. Pivotal Research increased their target price on Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Wells Fargo & Company raised their target price on Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, KeyCorp lifted their target price on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,084.91.

Netflix Price Performance

Shares of NFLX traded down $26.01 on Monday, hitting $1,114.21. The company's stock had a trading volume of 3,984,075 shares, compared to its average volume of 3,741,423. 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 company has a 50 day moving average price of $984.97 and a 200 day moving average price of $934.31. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,164.00. The company has a market capitalization of $474.18 billion, a PE ratio of 56.20, a PEG ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during 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 quarter in the prior year, the company earned $8.28 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,027 shares of Netflix stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total value 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. Insiders sold a total of 127,591 shares of company stock valued at $132,515,581 in the last quarter. Company insiders own 1.76% of the company's stock.

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.