Clear Creek Financial Management LLC Has $2.71 Million Stock Position in Netflix, Inc. $NFLX

Clear Creek Financial Management LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 13.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,026 shares of the Internet television network’s stock after buying an additional 243 shares during the period. Clear Creek Financial Management LLC’s holdings in Netflix were worth $2,713,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after buying an additional 13 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in Netflix in the 1st quarter valued at about $37,000. Maseco LLP acquired a new position in Netflix in the 2nd quarter valued at about $39,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Netflix in the 1st quarter valued at about $42,000. Finally, 1248 Management LLC acquired a new position in Netflix in the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last 90 days. 1.37% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,214.25 on Thursday. The firm has a 50 day moving average of $1,208.18 and a 200-day moving average of $1,163.77. The stock has a market capitalization of $515.97 billion, a PE ratio of 51.74, a PEG ratio of 2.00 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NFLX. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a report on Thursday, September 11th. Itau BBA Securities began coverage on shares of Netflix in a report on Tuesday. They issued an “outperform” rating and a $1,514.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Morgan Stanley reissued an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. Finally, Citigroup reissued a “neutral” rating and issued a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $1,337.63.

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.