Clarus Group Inc. Acquires 18 Shares of Netflix, Inc. (NASDAQ:NFLX)

Clarus Group Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 565 shares of the Internet television network’s stock after buying an additional 18 shares during the quarter. Clarus Group Inc.’s holdings in Netflix were worth $527,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after buying an additional 171,712 shares during the last quarter. FMR LLC boosted its position in shares of Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock valued at $18,617,081,000 after purchasing an additional 375,234 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Netflix by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock valued at $8,287,823,000 after purchasing an additional 175,596 shares in the last quarter. GAMMA Investing LLC boosted 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 valued at $8,239,576,000 after purchasing an additional 8,827,662 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Netflix during the fourth quarter valued at approximately $5,019,087,000. 80.93% of the stock is currently owned by institutional investors.

Insider Transactions at Netflix

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the sale, the director now directly owns 79,040 shares in the company, valued at $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Jeffrey William Karbowski sold 620 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total value of $797,840.80. The disclosure for this sale can be found here. Insiders have sold a total of 185,280 shares of company stock worth $210,599,866 in the last three months. Insiders own 1.37% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,323.12 on Friday. The firm has a market cap of $563.08 billion, a price-to-earnings ratio of 62.53, a price-to-earnings-growth ratio of 2.53 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $1,183.25 and a 200-day moving average price of $1,023.58. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,331.35.

Netflix (NASDAQ:NFLX) 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. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the prior year, the company earned $8.28 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Robert W. Baird lifted their price target on Netflix from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Cfra Research upgraded Netflix to a “strong-buy” rating in a research report on Monday, April 28th. Oppenheimer lifted their price target on Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research report on Thursday, June 12th. Pivotal Research lifted their price objective on Netflix from $1,350.00 to $1,600.00 and gave the company a “buy” rating in a research note on Friday, June 20th. Finally, Benchmark reiterated a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $1,172.73.

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.