Clear Creek Financial Management LLC Acquires 377 Shares of Netflix, Inc. (NASDAQ:NFLX)

Clear Creek Financial Management LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 26.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,783 shares of the Internet television network's stock after buying an additional 377 shares during the period. Clear Creek Financial Management LLC's holdings in Netflix were worth $1,663,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC grew its position in Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares in the last quarter. Norges Bank bought a new stake in shares of Netflix during the 4th quarter valued at $5,019,087,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after purchasing an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after purchasing an additional 743,724 shares during the period. Finally, Northern Trust Corp raised its stake in Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after purchasing an additional 570,674 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In other Netflix news, Director Ann Mather sold 1,090 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total transaction of $3,151,553.67. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,472,273.97. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 157,319 shares of company stock valued at $184,842,109 in the last ninety days. Insiders own 1.37% of the company's stock.

Netflix Stock Down 3.4%

Shares of Netflix stock traded down $45.53 on Tuesday, hitting $1,293.60. The company had a trading volume of 4,989,809 shares, compared to its average volume of 3,750,399. The stock has a market capitalization of $550.52 billion, a price-to-earnings ratio of 61.13, a P/E/G ratio of 2.56 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,342.50. The stock has a 50 day moving average of $1,190.27 and a 200-day moving average of $1,027.81.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the prior year, the firm posted $8.28 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NFLX shares. Macquarie increased their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. FBN Securities assumed coverage on shares of Netflix in a research report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price objective for the company. Canaccord Genuity Group upped their target price on Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets reiterated an "outperform" rating and issued a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Finally, Guggenheim reissued a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,172.73.

About Netflix

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.