Clear Creek Financial Management LLC Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

Clear Creek Financial Management LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.9% during the second quarter, HoldingsChannel reports. The fund owned 742 shares of the Internet television network’s stock after acquiring an additional 28 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Netflix were worth $501,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NFLX. Valued Wealth Advisors LLC lifted its position in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the last quarter. VitalStone Financial LLC lifted its holdings in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its position in shares of Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares in the last quarter. Scarborough Advisors LLC purchased a new position in Netflix during the 4th quarter worth $32,000. Finally, Indiana Trust & Investment Management CO increased its position in Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after buying an additional 28 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

Netflix stock opened at $686.73 on Monday. The company has a fifty day simple moving average of $658.35 and a 200-day simple moving average of $626.59. The firm has a market capitalization of $295.98 billion, a price-to-earnings ratio of 47.66, a PEG ratio of 1.28 and a beta of 1.27. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $711.33.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. Netflix’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.29 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research analyst reports. Loop Capital boosted their price target on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Guggenheim upped their price target on shares of Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Argus lifted their price objective on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Citigroup boosted their price objective on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, TD Cowen raised their target price on Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $681.21.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Reed Hastings sold 19,943 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $633.58, for a total value of $12,635,485.94. Following the completion of the sale, the chairman now owns 57 shares of the company’s stock, valued at approximately $36,114.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. Insiders sold 152,700 shares of company stock worth $98,283,982 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

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.