Jackson Creek Investment Advisors LLC Has $496,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Jackson Creek Investment Advisors LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.4% in the second quarter, according to its most recent 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Valued Wealth Advisors LLC grew its position in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares in the last quarter. Proffitt & Goodson Inc. boosted its stake in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the period. AlphaMark Advisors LLC grew its holdings in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares in the last quarter. 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 valued at $32,000 after acquiring an additional 28 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new position in shares of Netflix in the second quarter worth $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NFLX. Guggenheim boosted their target price on Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Bank of America increased their price objective on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Morgan Stanley lifted their target price on shares of Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. TD Cowen raised their price target on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, Rosenblatt Securities upped their price objective on shares of Netflix from $554.00 to $635.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. One research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $685.45.

Insider Buying and Selling at Netflix

In other news, Director Jay C. Hoag sold 37,675 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Netflix news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $629.73, for a total transaction of $23,725,077.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,831 shares of company stock valued at $102,721,884. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Up 0.6 %

Shares of NFLX stock opened at $679.68 on Thursday. The stock has a market cap of $292.94 billion, a P/E ratio of 47.17, a price-to-earnings-growth 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. The stock has a fifty day moving average price of $660.09 and a 200 day moving average price of $632.90. Netflix, Inc. has a one year low of $344.73 and a one year high of $711.33.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.29 EPS. Analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

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.