Clear Street Derivatives LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Clear Street Derivatives LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 698 shares of the Internet television network’s stock, valued at approximately $495,000. Netflix accounts for approximately 0.0% of Clear Street Derivatives LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other large investors have also made changes to their positions in the stock. Massmutual Trust Co. FSB ADV increased its holdings in Netflix by 56.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,859 shares of the Internet television network’s stock valued at $1,255,000 after buying an additional 668 shares in the last quarter. Insight Wealth Strategies LLC increased its stake in Netflix by 16.7% in the 2nd quarter. Insight Wealth Strategies LLC now owns 644 shares of the Internet television network’s stock valued at $435,000 after purchasing an additional 92 shares in the last quarter. Mather Group LLC. raised its holdings in Netflix by 55.7% during the second quarter. Mather Group LLC. now owns 2,900 shares of the Internet television network’s stock worth $1,957,000 after purchasing an additional 1,038 shares during the last quarter. Trust Co. of Vermont boosted its position in Netflix by 5.2% during the second quarter. Trust Co. of Vermont now owns 526 shares of the Internet television network’s stock worth $355,000 after purchasing an additional 26 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its holdings in Netflix by 21.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 9,898 shares of the Internet television network’s stock valued at $6,680,000 after purchasing an additional 1,759 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $886.81 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market cap of $379.08 billion, a PE ratio of 50.19, a P/E/G ratio of 1.71 and a beta of 1.25. The company’s fifty day simple moving average is $773.01 and its 200-day simple moving average is $700.75. Netflix, Inc. has a 52 week low of $445.73 and a 52 week high of $908.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. As a group, equities research analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 25,074 shares of Netflix stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the sale, the chairman now owns 85 shares of the company’s stock, valued at $57,878.20. The trade was a 99.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,866 shares of company stock valued at $133,393,921. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Wedbush reiterated an “outperform” rating and set a $950.00 target price (up previously from $800.00) on shares of Netflix in a report on Monday, November 18th. Piper Sandler reissued an “overweight” rating and issued a $840.00 price target (up from $800.00) on shares of Netflix in a report on Friday, October 18th. The Goldman Sachs Group set a $750.00 price objective on Netflix in a research note on Friday, October 18th. Finally, Wells Fargo & Company boosted their target price on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $770.12.

Netflix Company 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.