Bank OZK Acquires 264 Shares of Netflix, Inc. (NASDAQ:NFLX)

Bank OZK lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 9.0% in the fourth quarter, Holdings Channel reports. The fund owned 3,194 shares of the Internet television network’s stock after purchasing an additional 264 shares during the quarter. Netflix makes up 1.2% of Bank OZK’s holdings, making the stock its 24th biggest holding. Bank OZK’s holdings in Netflix were worth $2,847,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Maple Capital Management Inc. lifted its holdings in shares of Netflix by 3.7% in the 4th quarter. Maple Capital Management Inc. now owns 10,713 shares of the Internet television network’s stock valued at $9,549,000 after acquiring an additional 384 shares during the last quarter. SVB Wealth LLC bought a new stake in Netflix in the fourth quarter worth about $14,407,000. Flputnam Investment Management Co. lifted its stake in Netflix by 11.0% in the fourth quarter. Flputnam Investment Management Co. now owns 13,468 shares of the Internet television network’s stock worth $12,004,000 after purchasing an additional 1,335 shares during the last quarter. Tufton Capital Management lifted its stake in Netflix by 9.4% in the fourth quarter. Tufton Capital Management now owns 838 shares of the Internet television network’s stock worth $747,000 after purchasing an additional 72 shares during the last quarter. Finally, Waterway Wealth Management LLC lifted its stake in Netflix by 10.4% in the fourth quarter. Waterway Wealth Management LLC now owns 423 shares of the Internet television network’s stock worth $377,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,380 shares of company stock worth $290,016,164. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.8 %

NASDAQ:NFLX opened at $980.56 on Friday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The firm has a fifty day simple moving average of $947.72 and a 200-day simple moving average of $830.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $419.44 billion, a P/E ratio of 49.45, a PEG ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

NFLX has been the subject of several analyst reports. Macquarie raised their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Bank of America raised their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Morgan Stanley raised their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group raised their price objective on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, UBS Group raised their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.