Oak Grove Capital LLC Purchases 10,400 Shares of Netflix, Inc. $NFLX

Oak Grove Capital LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 198.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,650 shares of the Internet television network’s stock after buying an additional 10,400 shares during the quarter. Netflix comprises about 3.4% of Oak Grove Capital LLC’s portfolio, making the stock its 6th biggest position. Oak Grove Capital LLC’s holdings in Netflix were worth $20,957,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NFLX. Stephens Consulting LLC increased its holdings in Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after purchasing an additional 15 shares in the last quarter. Maseco LLP bought a new stake in Netflix during the 2nd quarter worth approximately $39,000. LGT Financial Advisors LLC bought a new stake in Netflix during the 2nd quarter worth approximately $40,000. Mid American Wealth Advisory Group Inc. bought a new stake in Netflix during the 2nd quarter worth approximately $44,000. Finally, Ransom Advisory Ltd bought a new stake in Netflix during the 2nd quarter worth approximately $47,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent research reports. Morgan Stanley set a $1,500.00 price objective on Netflix in a report on Monday, October 13th. TD Cowen decreased their price objective on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and upped their target price for the company from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. KeyCorp upped their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Finally, Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,352.78.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director owned 394 shares in the company, valued at approximately $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 in the last quarter. 1.37% of the stock is currently owned by company insiders.

Netflix Price Performance

Netflix stock opened at $1,094.69 on Monday. Netflix, Inc. has a 12 month low of $747.77 and a 12 month high of $1,341.15. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The business’s 50 day simple moving average is $1,207.21 and its 200 day simple moving average is $1,189.16. The company has a market cap of $463.85 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.51 billion during the quarter, compared to analysts’ expectations of $11.52 billion. During the same quarter in the previous year, the company posted $5.40 EPS. Netflix’s revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current 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.