Aurora Private Wealth Inc. Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

Aurora Private Wealth Inc. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 923 shares of the Internet television network’s stock after purchasing an additional 20 shares during the period. Aurora Private Wealth Inc.’s holdings in Netflix were worth $823,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Advisory Resource Group grew its position in Netflix by 0.7% in the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after buying an additional 12 shares in the last quarter. Insight Wealth Strategies LLC lifted its holdings in Netflix by 1.9% in the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock valued at $585,000 after acquiring an additional 12 shares during the last quarter. Sunflower Bank N.A. lifted its holdings in Netflix by 2.1% in the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after acquiring an additional 12 shares during the last quarter. D.B. Root & Company LLC lifted its holdings in Netflix by 4.1% in the 4th quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock valued at $295,000 after acquiring an additional 13 shares during the last quarter. Finally, New World Advisors LLC lifted its holdings in Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after acquiring an additional 14 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research reports. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a report on Thursday. Pivotal Research boosted their price objective on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley upped their price target on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group increased their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Nine research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Transactions at Netflix

In other news, Director Jay C. Hoag sold 617 shares of the business’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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold 147,117 shares of company stock valued at $123,913,691 over the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Down 0.7 %

NFLX stock opened at $977.59 on Monday. The firm has a 50 day moving average of $895.13 and a 200 day moving average of $768.18. The stock has a market capitalization of $417.88 billion, a PE ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00.

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

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.