Bokf Na Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Bokf Na increased its position in Netflix, Inc. (NASDAQ:NFLX) by 28.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 16,940 shares of the Internet television network’s stock after purchasing an additional 3,709 shares during the period. Bokf Na’s holdings in Netflix were worth $10,406,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Valued Wealth Advisors LLC increased its stake in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the period. Indiana Trust & Investment Management CO increased its stake in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares during the period. VitalStone Financial LLC increased its stake in shares of Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after buying an additional 56 shares during the period. Scarborough Advisors LLC purchased a new position in shares of Netflix in the fourth quarter worth $32,000. Finally, Beaird Harris Wealth Management LLC increased its stake in shares of Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after buying an additional 62 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the transaction, the chairman now owns 28 shares of the company’s stock, valued at approximately $15,443.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $15,443.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,385 shares of company stock valued at $44,469,351. 1.76% of the stock is owned by insiders.

Analyst Ratings Changes

NFLX has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on shares of Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price target on shares of Netflix in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Piper Sandler lifted their price target on shares of Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $681.21.

Netflix Stock Down 0.4 %

Netflix stock traded down $2.72 during mid-day trading on Friday, reaching $631.37. The stock had a trading volume of 3,120,659 shares, compared to its average volume of 3,608,843. The company has a market capitalization of $270.97 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 1.29 and a beta of 1.27. The company has a 50-day moving average price of $658.05 and a two-hundred day moving average price of $609.00. Netflix, Inc. has a one year low of $344.73 and a one year high of $697.49. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 1.07.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. During the same quarter in the previous year, the firm earned $3.29 EPS. Netflix’s revenue was up 16.8% on a year-over-year basis. On average, analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

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.