Creative Planning Buys 4,175 Shares of Netflix, Inc. (NASDAQ:NFLX)

Creative Planning increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,769 shares of the Internet television network’s stock after purchasing an additional 4,175 shares during the period. Creative Planning’s holdings in Netflix were worth $67,332,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Denver PWM LLC bought a new position in shares of Netflix in the second quarter worth approximately $25,000. Valued Wealth Advisors LLC increased its position in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the last quarter. VitalStone Financial LLC increased its position in shares of Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC grew its position in Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new position in Netflix during the fourth quarter valued at approximately $32,000. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman Reed Hastings sold 22,526 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the completion of the transaction, the chairman now directly owns 57 shares in the company, valued at $38,217.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Reed Hastings sold 22,526 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the completion of the transaction, the chairman now directly owns 57 shares in the company, valued at $38,217.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 402 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $291,450.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at $25,564,950. The disclosure for this sale can be found here. Insiders sold 202,020 shares of company stock worth $133,334,342 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on NFLX. Guggenheim increased their price target on shares of Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Piper Sandler increased their price target on shares of Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Bank of America increased their price target on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Sanford C. Bernstein increased their price target on shares of Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. Finally, China Renaissance began coverage on shares of Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $685.29.

Netflix Price Performance

NFLX opened at $707.35 on Friday. The stock has a fifty day simple moving average of $669.62 and a two-hundred day simple moving average of $644.66. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market cap of $304.87 billion, a price-to-earnings ratio of 49.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $725.26.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm’s quarterly 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 earnings per share. Research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

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.