LexAurum Advisors LLC Acquires 60 Shares of Netflix, Inc. (NASDAQ:NFLX)

LexAurum Advisors LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 15.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 442 shares of the Internet television network’s stock after acquiring an additional 60 shares during the quarter. LexAurum Advisors LLC’s holdings in Netflix were worth $394,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC boosted its position in shares of Netflix by 16.0% during the second quarter. Daymark Wealth Partners LLC now owns 2,156 shares of the Internet television network’s stock worth $1,455,000 after purchasing an additional 298 shares in the last quarter. MBB Public Markets I LLC raised its holdings in shares of Netflix by 4,627.3% during the second quarter. MBB Public Markets I LLC now owns 30,822 shares of the Internet television network’s stock worth $20,801,000 after acquiring an additional 30,170 shares during the period. Matrix Private Capital Group LLC acquired a new stake in shares of Netflix during the second quarter worth $221,000. The Manufacturers Life Insurance Company raised its holdings in shares of Netflix by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 319,012 shares of the Internet television network’s stock worth $215,295,000 after acquiring an additional 9,294 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of Netflix by 17.6% during the second quarter. Mackenzie Financial Corp now owns 233,692 shares of the Internet television network’s stock worth $157,714,000 after acquiring an additional 34,962 shares during the period. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent research reports. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $715.00 to $900.00 in a research note on Wednesday. Pivotal Research lifted their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America lifted their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $975.00 to $1,200.00 in a research note on Friday. Finally, Macquarie boosted their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,009.29.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 41,601 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the transaction, the chairman now owns 85 shares in the company, valued at approximately $64,435.10. This represents a 99.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock worth $123,913,691 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.7 %

Shares of Netflix stock opened at $977.59 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $892.06 and its two-hundred day simple moving average is $764.95. The company has a market cap of $417.88 billion, a P/E ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same quarter in the previous year, the business posted $2.11 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Research analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current year.

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.