Jackson Creek Investment Advisors LLC Lowers Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Jackson Creek Investment Advisors LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 735 shares of the Internet television network’s stock after selling 34 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Netflix were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Valued Wealth Advisors LLC increased its holdings in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the last quarter. VitalStone Financial LLC increased its stake in Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC raised its holdings in shares of Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares during the period. Scarborough Advisors LLC acquired a new position in shares of Netflix in the 4th quarter valued at about $32,000. Finally, Indiana Trust & Investment Management CO grew its holdings in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,835,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Netflix news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,835,750. The disclosure for this sale can be found here. Insiders have sold 157,831 shares of company stock valued at $102,721,884 in the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $679.68 on Thursday. The stock has a market cap of $292.94 billion, a price-to-earnings ratio of 47.17, a PEG ratio of 1.44 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $711.33. The stock’s 50 day moving average price is $660.09 and its 200 day moving average price is $632.90.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion for 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 company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.29 EPS. Equities research analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NFLX shares. TD Cowen lifted their price target on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price target on shares of Netflix in a research report on Friday, July 19th. The Goldman Sachs Group increased their price target on Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Pivotal Research boosted their price objective on Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Redburn Atlantic increased their target price on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $685.45.

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.