Mill Creek Capital Advisors LLC Purchases New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Mill Creek Capital Advisors LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 310 shares of the Internet television network’s stock, valued at approximately $276,000.

A number of other hedge funds also recently added to or reduced their stakes in NFLX. Summit Trail Advisors LLC boosted its holdings in shares of Netflix by 30.1% in the fourth quarter. Summit Trail Advisors LLC now owns 6,703 shares of the Internet television network’s stock valued at $5,975,000 after acquiring an additional 1,552 shares in the last quarter. Sapient Capital LLC lifted its position in Netflix by 1.9% in the fourth quarter. Sapient Capital LLC now owns 87,844 shares of the Internet television network’s stock valued at $78,297,000 after purchasing an additional 1,663 shares during the period. Paladin Wealth LLC boosted its holdings in Netflix by 9.5% in the 4th quarter. Paladin Wealth LLC now owns 833 shares of the Internet television network’s stock valued at $742,000 after purchasing an additional 72 shares in the last quarter. Pineridge Advisors LLC boosted its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Arlington Trust Co LLC increased its position in Netflix by 1.6% during the 4th quarter. Arlington Trust Co LLC now owns 1,102 shares of the Internet television network’s stock worth $982,000 after purchasing an additional 17 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Down 1.9 %

NASDAQ NFLX opened at $1,008.08 on Wednesday. The company has a market cap of $431.22 billion, a P/E ratio of 50.84, a P/E/G ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,032.85. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a 50-day moving average of $919.96 and a 200-day moving average of $795.06.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.11 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 303,809 shares of company stock worth $290,374,484. 1.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Pivotal Research raised their price target on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Phillip Securities downgraded Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Wells Fargo & Company upped their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. BMO Capital Markets reiterated an “outperform” rating and issued a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group boosted their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

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.