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

Bank OZK grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,210 shares of the Internet television network’s stock after purchasing 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.

Other hedge funds have also recently made changes to their positions in the company. Authentikos Wealth Advisory LLC bought a new stake in shares of Netflix during the 3rd quarter worth $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Netflix during the 3rd quarter worth $26,000. Carmel Capital Partners LLC lifted its holdings in shares of Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 58 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 35 shares during the last quarter. Finally, Pacifica Partners Inc. bought a new stake in shares of Netflix during the 4th quarter worth $41,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Redburn Atlantic boosted their price target on shares of Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Pivotal Research boosted their price target on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. DZ Bank raised shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target for the company in a research note on Thursday, January 25th. BMO Capital Markets reissued an “outperform” rating and issued a $713.00 price target (up from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Finally, Piper Sandler boosted their price target on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $630.58.

Insiders Place Their Bets

In other Netflix 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 value of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value 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 $17,091.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total transaction of $723,795.30. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 154,573 shares of company stock worth $89,548,241. Company insiders own 2.45% of the company’s stock.

Netflix Stock Down 0.6 %

Shares of NASDAQ NFLX traded down $3.57 during midday trading on Friday, hitting $561.23. The stock had a trading volume of 4,332,593 shares, compared to its average volume of 4,190,527. The business’s 50 day moving average is $604.54 and its 200-day moving average is $519.46. The company has a market cap of $241.83 billion, a P/E ratio of 38.95, a PEG ratio of 1.38 and a beta of 1.22. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for 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 firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.88 earnings per share. As a group, analysts predict that Netflix, Inc. will post 18.13 EPS 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.