By otakuyassine3@gmail.com 
Clear Creek Financial Management LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 85.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,406 shares of the Internet television network’s stock after buying an additional 647 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Netflix were worth $1,253,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nordea Investment Management AB increased its position in shares of Netflix by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Netflix by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after buying an additional 29,726 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after buying an additional 11,921 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after buying an additional 1,684 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Netflix during the third quarter worth about $1,517,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Netflix Trading Up 0.4 %
Shares of Netflix stock opened at $976.76 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $904.67 and a 200-day simple moving average of $777.76. The stock has a market cap of $417.82 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 2.03 and a beta of 1.27. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00.
Netflix (NASDAQ:NFLX – Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the company posted $2.11 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have commented on NFLX. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and increased their price target for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and raised their target price for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Finally, UBS Group boosted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Ten 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.
Get Our Latest Analysis on NFLX
Insiders Place Their Bets
In other news, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction on Tuesday, November 5th. The stock was 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 have sold a total of 105,516 shares of company stock valued at $92,377,637 over the last quarter. Company insiders own 1.76% of the company’s stock.
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.
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