Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3,228.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,722 shares of the Internet television network’s stock after acquiring an additional 29,799 shares during the quarter. Netflix accounts for about 0.8% of Aurora Private Wealth Inc.’s holdings, making the stock its 18th biggest position. Aurora Private Wealth Inc.’s holdings in Netflix were worth $28,649,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares in the last quarter. J. W. Coons Advisors LLC acquired a new position in shares of Netflix in the fourth quarter worth $205,000. IFP Advisors Inc boosted its stake in shares of Netflix by 20.9% during the fourth quarter. IFP Advisors Inc now owns 4,589 shares of the Internet television network’s stock valued at $4,091,000 after acquiring an additional 792 shares during the last quarter. Finally, Crestwood Advisors Group LLC boosted its stake in shares of Netflix by 6.3% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,217 shares of the Internet television network’s stock valued at $2,867,000 after acquiring an additional 190 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Netflix stock opened at $1,279.11 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The firm’s fifty day moving average price is $1,163.30 and its 200 day moving average price is $1,016.26. The company has a market capitalization of $544.35 billion, a price-to-earnings ratio of 60.45, a price-to-earnings-growth ratio of 2.43 and a beta of 1.59. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,282.57.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the previous year, the firm posted $8.28 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other news, Director Jay C. Hoag sold 32,515 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director now directly owns 79,040 shares in the company, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 1,358 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,660 shares of company stock worth $209,802,025. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on NFLX shares. Wedbush restated an “outperform” rating and issued a $1,200.00 target price on shares of Netflix in a report on Monday, May 5th. FBN Securities assumed coverage on Netflix in a research report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price objective for the company. Canaccord Genuity Group raised their price target on Netflix from $1,200.00 to $1,380.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Macquarie increased their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Monday, April 21st. Finally, BMO Capital Markets restated an “outperform” rating and issued a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.