Bank OZK Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Bank OZK grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,210 shares of the Internet television network’s stock after acquiring an additional 119 shares during the period. Bank OZK’s holdings in Netflix were worth $1,076,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. KFA Private Wealth Group LLC raised its holdings in Netflix by 1.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after purchasing an additional 18 shares in the last quarter. Addison Advisors LLC raised its holdings in Netflix by 7.8% during the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after purchasing an additional 20 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its holdings in Netflix by 1.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 21 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in Netflix by 5.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock worth $191,000 after purchasing an additional 22 shares in the last quarter. Finally, Centurion Wealth Management LLC increased its holdings in shares of Netflix by 2.4% in the 4th quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock valued at $479,000 after acquiring an additional 23 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.6 %

Shares of NASDAQ NFLX traded down $3.57 on Friday, reaching $561.23. 4,332,593 shares of the company traded hands, compared to its average volume of 4,190,527. The company has a 50 day moving average of $604.54 and a 200 day moving average of $519.46. The stock has a market capitalization of $241.83 billion, a PE ratio of 38.95, a P/E/G ratio of 1.38 and a beta of 1.22. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.88 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares of the company’s stock, valued at approximately $17,091.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,573 shares of company stock valued at $89,548,241. 2.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NFLX shares. The Goldman Sachs Group lifted their target price on shares of Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Robert W. Baird lifted their target price on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Sanford C. Bernstein lifted their target price on shares of Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a report on Friday, April 19th. TD Cowen boosted their price objective on shares of Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Evercore ISI boosted their price objective on shares of Netflix from $640.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

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.