Oxford Wealth Group LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Oxford Wealth Group LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,034 shares of the Internet television network’s stock after acquiring an additional 19 shares during the quarter. Oxford Wealth Group LLC’s holdings in Netflix were worth $922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NFLX. Vanguard Group Inc. raised its stake in shares of Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC increased its position in shares of Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock valued at $18,617,081,000 after buying an additional 375,234 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after buying an additional 175,596 shares in the last quarter. Norges Bank bought a new position in shares of Netflix in the fourth quarter valued at approximately $5,019,087,000. Finally, Alliancebernstein L.P. grew its stake in Netflix by 1.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock valued at $4,582,568,000 after acquiring an additional 82,564 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now directly owns 394 shares in the company, valued at approximately $362,933.10. The trade was a 98.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,472 shares of company stock worth $268,079,297. 1.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America increased their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Evercore ISI lifted their price objective on Netflix from $1,100.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Monday. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a research note on Thursday, January 23rd. Canaccord Genuity Group lifted their price target on Netflix from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday. Finally, KeyCorp boosted their price objective on Netflix from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Monday. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,070.65.

Netflix Stock Performance

Netflix stock opened at $1,040.34 on Wednesday. Netflix, Inc. has a 1-year low of $544.25 and a 1-year high of $1,064.97. The firm has a market cap of $445.01 billion, a P/E ratio of 52.46, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average of $954.01 and a 200-day moving average of $897.26.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period last year, the company earned $8.28 EPS. Sell-side analysts expect 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.