Clearstead Trust LLC Acquires 1,257 Shares of Netflix, Inc. (NASDAQ:NFLX)

Clearstead Trust LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2,856.8% during the 4th quarter, Holdings Channel reports. The fund owned 1,301 shares of the Internet television network’s stock after purchasing an additional 1,257 shares during the period. Clearstead Trust LLC’s holdings in Netflix were worth $633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Columbia Trust Co 01012016 boosted its holdings in shares of Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after buying an additional 208 shares in the last quarter. Crumly & Associates Inc. increased its position in shares of Netflix by 4.1% during the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after purchasing an additional 83 shares in the last quarter. Venture Visionary Partners LLC raised its stake in Netflix by 15.4% in the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after buying an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after buying an additional 392,427 shares during the last quarter. Finally, Sandy Cove Advisors LLC boosted its holdings in Netflix by 10.6% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock worth $578,000 after acquiring an additional 114 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on NFLX shares. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $585.00 price objective (down from $720.00) on shares of Netflix in a research report on Friday, April 19th. CICC Research assumed coverage on shares of Netflix in a report on Thursday. They set an “outperform” rating and a $650.00 price objective on the stock. Evercore ISI upped their target price on Netflix from $640.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Jefferies Financial Group lifted their price target on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. Finally, Barclays increased their price objective on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $631.15.

Insiders Place Their Bets

In other Netflix news, Director Anne M. Sweeney sold 633 shares of Netflix stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne M. Sweeney sold 633 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total value of $354,480.00. The disclosure for this sale can be found here. Insiders have sold 152,833 shares of company stock worth $88,270,051 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX traded up $14.19 during midday trading on Friday, reaching $579.34. 3,307,524 shares of the company’s stock traded hands, compared to its average volume of 4,520,712. The company has a market cap of $249.67 billion, a P/E ratio of 40.20, a PEG ratio of 1.37 and a beta of 1.23. The company has a fifty day simple moving average of $602.57 and a two-hundred day simple moving average of $526.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a 1 year low of $317.95 and a 1 year high of $639.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $2.88 earnings per share. Equities analysts predict that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

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.