Clearstead Trust LLC Has $633,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Clearstead Trust LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2,856.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,301 shares of the Internet television network’s stock after buying an additional 1,257 shares during the quarter. Clearstead Trust LLC’s holdings in Netflix were worth $633,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter valued at about $25,000. Spartan Planning & Wealth Management bought a new position in shares of Netflix during the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC grew its position in shares of Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after buying an additional 58 shares during the period. Blue Bell Private Wealth Management LLC grew its position in shares of 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 worth $36,000 after buying an additional 35 shares during the period. Finally, Pacifica Partners Inc. acquired a new position in shares of Netflix during the 4th quarter valued at $41,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $14.19 during midday trading on Friday, hitting $579.34. 3,307,524 shares of the company’s stock were exchanged, compared to its average volume of 4,520,712. The business’s fifty day moving average price is $602.57 and its two-hundred day moving average price is $526.33. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $317.95 and a 12-month high of $639.00. The company has a market cap of $249.67 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 1.37 and a beta of 1.23.

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

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the transaction, the chairman now owns 28 shares in the company, valued at $15,443.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $15,443.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,833 shares of company stock worth $88,270,051. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Loop Capital raised their price target on shares of Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Piper Sandler boosted their target price on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft increased their price target on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a report on Monday, April 15th. TD Cowen upped their target price on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Sanford C. Bernstein lifted their price target on shares of Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $631.15.

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.