Clear Creek Financial Management LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Clear Creek Financial Management LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 742 shares of the Internet television network’s stock after acquiring an additional 28 shares during the period. Clear Creek Financial Management LLC’s holdings in Netflix were worth $501,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Valued Wealth Advisors LLC boosted its position in shares of Netflix by 80.0% during the 1st 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. Proffitt & Goodson Inc. increased its position in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares in the last quarter. Indiana Trust & Investment Management CO lifted its position in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares during the last quarter. Finally, Triad Wealth Partners LLC purchased a new stake in Netflix in the second quarter worth approximately $38,000. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NFLX shares. Oppenheimer restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a report on Tuesday, July 30th. CICC Research began coverage on shares of Netflix in a research report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price target for the company. KeyCorp lifted their price objective on Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Redburn Atlantic increased their target price on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $685.00 price target on shares of Netflix in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $681.21.

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 37,675 shares of Netflix stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $629.73, for a total value of $23,725,077.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,700 shares of company stock worth $98,283,982. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $686.73 on Monday. The company has a market capitalization of $295.98 billion, a PE ratio of 47.66, a PEG ratio of 1.28 and a beta of 1.27. The business has a fifty day moving average price of $658.35 and a 200-day moving average price of $626.59. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $711.33. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.29 earnings per share. As a group, equities analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

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.