Clark Capital Management Group Inc. Has $6.49 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Clark Capital Management Group Inc. grew its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 15.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,278 shares of the Internet television network's stock after purchasing an additional 968 shares during the period. Clark Capital Management Group Inc.'s holdings in Netflix were worth $6,487,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC raised its holdings in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $32,000. Newton One Investments LLC acquired a new position in Netflix during the 4th quarter worth $34,000. Pineridge Advisors LLC boosted its position in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after buying an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC lifted its stake in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after acquiring an additional 16 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 4,939 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now owns 12,950 shares of the company's stock, valued at approximately $13,338,500. This represents a 27.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,624,746.55. This trade represents a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,530 shares of company stock worth $137,602,751 in the last ninety days. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

NFLX stock traded down $4.62 during midday trading on Friday, reaching $1,139.81. 2,565,837 shares of the company were exchanged, compared to its average volume of 3,740,061. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,164.00. The firm has a market capitalization of $485.07 billion, a price-to-earnings ratio of 57.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The business has a 50-day moving average price of $984.97 and a two-hundred day moving average price of $931.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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 net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the business earned $8.28 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NFLX shares. Macquarie boosted their price target 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. Evercore ISI increased their target price on Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Rosenblatt Securities increased their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Citigroup reissued a "neutral" rating on shares of Netflix in a research report on Monday, May 5th. Finally, Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the company an "overweight" rating in a research report on Monday, April 21st. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,084.91.

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.