Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Night Owl Capital Management LLC

Night Owl Capital Management LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,468 shares of the Internet television network’s stock after buying an additional 1,072 shares during the period. Netflix makes up approximately 4.0% of Night Owl Capital Management LLC’s holdings, making the stock its 9th biggest holding. Night Owl Capital Management LLC’s holdings in Netflix were worth $30,722,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NFLX. Janus Henderson Group PLC lifted its position in shares of Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock worth $1,227,468,000 after purchasing an additional 110,432 shares in the last quarter. First National Trust Co increased its stake in Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after buying an additional 12 shares during the last quarter. Haven Private LLC bought a new stake in Netflix during the 4th quarter worth about $733,000. Sigma Planning Corp boosted its stake in shares of Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after buying an additional 386 shares during the last quarter. Finally, Quilter Plc boosted its stake in shares of Netflix by 8.2% during the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock worth $128,133,000 after buying an additional 10,946 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Piper Sandler set a $1,150.00 price target on Netflix and gave the company an “overweight” rating in a research report on Monday, April 21st. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Barclays raised their target price on shares of Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Monday, April 21st. UBS Group dropped their price target on shares of Netflix from $1,150.00 to $1,140.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,084.91.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 2,027 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $1,141.51, for a total value of $2,313,840.77. Following the sale, the chief executive officer now directly owns 12,781 shares of the company’s stock, valued at $14,589,639.31. This represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,868 shares of company stock valued at $138,483,256. 1.76% of the stock is owned by insiders.

Netflix Stock Up 2.6%

NFLX stock opened at $1,138.44 on Wednesday. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,164.00. The company has a market cap of $484.49 billion, a P/E ratio of 57.41, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The stock’s 50 day simple moving average is $991.99 and its 200 day simple moving average is $938.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter last year, the firm earned $8.28 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.