Oak Harvest Investment Services Acquires 84 Shares of Netflix, Inc. (NASDAQ:NFLX)

Oak Harvest Investment Services boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,492 shares of the Internet television network’s stock after purchasing an additional 84 shares during the quarter. Oak Harvest Investment Services’ holdings in Netflix were worth $3,186,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Denver PWM LLC purchased a new position in shares of Netflix in the second quarter worth $25,000. Proffitt & Goodson Inc. increased its stake in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares in the last quarter. Triad Wealth Partners LLC bought a new position in shares of Netflix during the 2nd quarter valued at approximately $38,000. Finally, Summit Securities Group LLC purchased a new position in shares of Netflix in the second quarter valued at $38,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NFLX stock opened at $753.74 on Thursday. The stock’s 50-day moving average is $710.23 and its 200 day moving average is $662.33. Netflix, Inc. has a 1-year low of $404.63 and a 1-year high of $773.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $322.19 billion, a P/E ratio of 42.66, a PEG ratio of 1.45 and a beta of 1.26.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wedbush increased their price objective on shares of Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. UBS Group boosted their price objective on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Canaccord Genuity Group lifted their target price on Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a report on Friday, October 18th. Finally, Barclays reissued an “underweight” rating and set a $550.00 target price on shares of Netflix in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 209,810 shares of company stock worth $142,049,542. Corporate insiders own 1.76% of the company’s stock.

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.