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

LexAurum Advisors LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 442 shares of the Internet television network’s stock after purchasing 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 institutional investors and hedge funds have also recently modified their holdings of NFLX. International Assets Investment Management LLC grew its holdings in Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after acquiring an additional 5,748,200 shares during the period. Assenagon Asset Management S.A. grew its holdings in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after purchasing an additional 642,920 shares during the period. State Street Corp boosted its stake in shares of Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after acquiring an additional 426,740 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after acquiring an additional 316,594 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Netflix in the third quarter worth approximately $222,871,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFLX. TD Cowen lifted their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the company from $680.00 to $1,494.00 in a research report on Wednesday. Wells Fargo & Company lifted their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday. Finally, Argus lifted their price objective on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,009.29.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $977.59 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The stock has a market cap of $417.88 billion, a price-to-earnings 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. The stock’s 50 day moving average price is $892.06 and its 200 day moving average price is $764.95.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $10,141,900 billion. During the same quarter in the previous year, the business posted $2.11 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities research analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the transaction, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,117 shares of company stock worth $123,913,691. Corporate insiders own 1.76% of the company’s stock.

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.