OV Management LLC Purchases 75 Shares of Netflix, Inc. (NASDAQ:NFLX)

OV Management LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,330 shares of the Internet television network’s stock after acquiring an additional 75 shares during the quarter. OV Management LLC’s holdings in Netflix were worth $1,185,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. May Hill Capital LLC purchased a new stake in shares of Netflix during the 4th quarter valued at about $1,214,000. Headlands Technologies LLC boosted its holdings in Netflix by 125.7% in the fourth quarter. Headlands Technologies LLC now owns 7,774 shares of the Internet television network’s stock worth $6,929,000 after purchasing an additional 4,329 shares during the last quarter. Invenio Wealth Partners LLC bought a new stake in Netflix in the 4th quarter worth approximately $231,000. Boston Family Office LLC raised its stake in Netflix by 85.1% during the 4th quarter. Boston Family Office LLC now owns 583 shares of the Internet television network’s stock valued at $520,000 after buying an additional 268 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of Netflix during the 4th quarter valued at $361,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders have sold 288,583 shares of company stock valued at $279,611,567 in the last quarter. 1.76% of the stock is owned by insiders.

Netflix Price Performance

Netflix stock opened at $932.53 on Tuesday. The firm has a market capitalization of $398.90 billion, a PE ratio of 47.03, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The firm has a 50-day moving average price of $973.23 and a 200-day moving average price of $871.15. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business earned $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NFLX shares. Wedbush reaffirmed an “outperform” rating and issued a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $1,100.00 price target (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Robert W. Baird increased their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Evercore ISI boosted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC boosted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.02.

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.