Meadow Creek Wealth Advisors LLC Takes $561,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Meadow Creek Wealth Advisors LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, HoldingsChannel reports. The fund bought 1,152 shares of the Internet television network’s stock, valued at approximately $561,000.

Several other hedge funds and other institutional investors have also modified their holdings of NFLX. Norges Bank acquired a new stake in shares of Netflix in the fourth quarter worth $1,501,762,000. Moneta Group Investment Advisors LLC boosted its position in shares of Netflix by 117,939.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network’s stock worth $808,575,000 after buying an additional 2,739,725 shares during the period. Alliancebernstein L.P. boosted its position in shares of Netflix by 202.7% in the second quarter. Alliancebernstein L.P. now owns 1,790,092 shares of the Internet television network’s stock worth $788,518,000 after buying an additional 1,198,774 shares during the period. Barclays PLC boosted its position in shares of Netflix by 113.1% in the second quarter. Barclays PLC now owns 1,869,385 shares of the Internet television network’s stock worth $823,446,000 after buying an additional 992,193 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Netflix by 24.3% in the third quarter. Jennison Associates LLC now owns 3,878,293 shares of the Internet television network’s stock worth $1,464,444,000 after buying an additional 759,378 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $8,181,250. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 273,767 shares of company stock worth $151,298,232. Company insiders own 2.45% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock traded down $6.20 during trading on Thursday, reaching $607.33. The company’s stock had a trading volume of 3,706,671 shares, compared to its average volume of 4,552,830. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. The business’s fifty day moving average price is $581.81 and its 200-day moving average price is $487.70. The firm has a market cap of $262.83 billion, a price-to-earnings ratio of 50.53, a price-to-earnings-growth ratio of 1.71 and a beta of 1.22. Netflix, Inc. has a one year low of $315.62 and a one year high of $634.39.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 17.01 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on NFLX shares. Jefferies Financial Group raised their target price on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. Guggenheim lifted their price objective on Netflix from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. lifted their price objective on Netflix from $510.00 to $610.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Morgan Stanley lifted their price objective on Netflix from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Finally, Benchmark lifted their price objective on Netflix from $350.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $583.18.

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.