470 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 470 shares of the Internet television network’s stock, valued at approximately $229,000.

A number of other institutional investors also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new position in shares of Netflix during the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management acquired a new position in shares of Netflix in the third quarter worth $26,000. Carmel Capital Partners LLC lifted its position in shares of Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in shares of Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new stake in Netflix during the 4th quarter worth about $41,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Netflix news, CEO Gregory K. Peters sold 13,655 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Insiders sold a total of 268,335 shares of company stock valued at $151,619,811 over the last three months. 2.45% of the stock is owned by insiders.

Netflix Stock Down 0.1 %

NFLX stock opened at $554.60 on Tuesday. The company has a market capitalization of $238.98 billion, a P/E ratio of 38.49, a PEG ratio of 1.49 and a beta of 1.22. The firm has a 50 day simple moving average of $605.58 and a 200-day simple moving average of $516.27. 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, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $2.88 EPS. On average, equities research analysts predict that Netflix, Inc. will post 17.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NFLX shares. Canaccord Genuity Group downgraded shares of Netflix from a “buy” rating to a “hold” rating and lowered their price target for the stock from $720.00 to $585.00 in a report on Friday. Loop Capital boosted their price target on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a report on Monday, March 18th. Robert W. Baird raised their price objective on Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Jefferies Financial Group upped their target price on Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, March 12th. Finally, 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. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $630.58.

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.