Creekmur Asset Management LLC Purchases 84 Shares of Netflix, Inc. (NASDAQ:NFLX)

Creekmur Asset Management LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 560.0% during the 1st quarter, HoldingsChannel reports. The firm owned 99 shares of the Internet television network’s stock after acquiring an additional 84 shares during the quarter. Creekmur Asset Management LLC’s holdings in Netflix were worth $60,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Valued Wealth Advisors LLC increased its stake in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the last quarter. VitalStone Financial LLC boosted its position in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the period. Beaird Harris Wealth Management LLC boosted its holdings in shares of Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of Netflix in the fourth quarter valued at approximately $32,000. Finally, Indiana Trust & Investment Management CO boosted its holdings in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the period. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NFLX shares. Loop Capital boosted their price target on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Citigroup boosted their price target on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. KeyCorp boosted their price target on Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Benchmark upped their target price on Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a report on Tuesday, July 16th. Finally, Piper Sandler upped their target price on Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $681.21.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 268 shares of Netflix stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $18,764,328.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,835,750. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 268 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the transaction, the insider now owns 31,610 shares in the company, valued at $18,764,328.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,391 shares of company stock worth $33,988,045. 1.76% of the stock is owned by company insiders.

Netflix Stock Up 1.4 %

NFLX stock traded up $8.99 during midday trading on Thursday, hitting $637.34. The company’s stock had a trading volume of 1,061,024 shares, compared to its average volume of 3,925,101. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $697.49. The firm has a market capitalization of $274.69 billion, a P/E ratio of 44.26, a PEG ratio of 1.27 and a beta of 1.27. The firm has a 50-day simple moving average of $656.97 and a 200-day simple moving average of $611.91.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same period in the previous year, the company earned $3.29 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, equities analysts forecast that Netflix, Inc. will post 19.08 EPS for the current year.

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.