OMC Financial Services LTD Acquires New Shares in Netflix, Inc. (NASDAQ:NFLX)

OMC Financial Services LTD bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 1st quarter, HoldingsChannel reports. The firm bought 1,753 shares of the Internet television network’s stock, valued at approximately $1,065,000.

A number of other large investors have also recently made changes to their positions in the stock. Ballentine Partners LLC boosted its position in shares of Netflix by 24.1% during the 4th quarter. Ballentine Partners LLC now owns 5,093 shares of the Internet television network’s stock valued at $2,480,000 after acquiring an additional 988 shares during the last quarter. PFG Advisors purchased a new stake in Netflix during the fourth quarter valued at about $227,000. Parsons Capital Management Inc. RI lifted its stake in Netflix by 2.7% during the fourth quarter. Parsons Capital Management Inc. RI now owns 947 shares of the Internet television network’s stock worth $461,000 after purchasing an additional 25 shares during the last quarter. Pinnacle Financial Partners Inc boosted its holdings in shares of Netflix by 6.3% in the 4th quarter. Pinnacle Financial Partners Inc now owns 6,081 shares of the Internet television network’s stock worth $2,961,000 after purchasing an additional 358 shares in the last quarter. Finally, Stonegate Investment Group LLC increased its position in shares of Netflix by 24.0% during the 4th quarter. Stonegate Investment Group LLC now owns 1,040 shares of the Internet television network’s stock valued at $506,000 after purchasing an additional 201 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Netflix stock traded down $11.21 during mid-day trading on Friday, reaching $613.64. 3,523,003 shares of the stock traded hands, compared to its average volume of 3,930,496. The business’s 50-day moving average is $656.10 and its 200-day moving average is $612.84. Netflix, Inc. has a 12-month low of $344.73 and a 12-month 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 0.95. The stock has a market capitalization of $263.36 billion, a PE ratio of 42.58, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS 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 analysts’ expectations of $9.53 billion. During the same quarter in the prior year, the business posted $3.29 earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, sell-side analysts predict that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 564 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $613.08, for a total value of $345,777.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $613.08, for a total value of $345,777.12. The disclosure for this sale can be found here. Insiders have sold 73,415 shares of company stock valued at $47,477,222 over the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on NFLX. Evercore ISI upped their target price on Netflix from $700.00 to $710.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Pivotal Research increased their price target on shares of Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Needham & Company LLC restated a “buy” rating and issued a $700.00 price objective on shares of Netflix in a research report on Friday, July 19th. Wells Fargo & Company increased their target price on shares of Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, UBS Group upped their price target on Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $681.21.

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.