Choreo LLC Raises Position in Netflix, Inc. (NASDAQ:NFLX)

Choreo LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 31.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,647 shares of the Internet television network’s stock after acquiring an additional 1,339 shares during the period. Choreo LLC’s holdings in Netflix were worth $2,749,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NFLX. Authentikos Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter worth $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix during the 3rd quarter valued at $26,000. Carmel Capital Partners LLC grew its holdings in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares during the last quarter. Finally, Pacifica Partners Inc. bought a new position in Netflix during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Benchmark reiterated a “sell” rating and set a $440.00 price objective on shares of Netflix in a research note on Thursday, April 18th. JPMorgan Chase & Co. raised their price target on shares of Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Macquarie raised their price target on shares of Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Finally, Canaccord Genuity Group downgraded shares of Netflix from a “buy” rating to a “hold” rating and reduced their price target for the stock from $720.00 to $585.00 in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $630.58.

Netflix Trading Down 0.3 %

NASDAQ:NFLX opened at $559.49 on Tuesday. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The company’s 50 day moving average is $604.05 and its 200-day moving average is $522.96. The firm has a market cap of $241.08 billion, a price-to-earnings ratio of 38.83, a P/E/G ratio of 1.37 and a beta of 1.22. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the previous year, the firm posted $2.88 earnings per share. Netflix’s revenue was up 14.8% compared to the same quarter last year. Equities analysts anticipate that Netflix, Inc. will post 18.13 EPS for the current year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the sale, the chairman now owns 28 shares of the company’s stock, valued at approximately $17,091.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,573 shares of company stock valued at $89,548,241. 1.76% of the stock is owned by company insiders.

Netflix 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.