Silver Oak Securities Incorporated Acquires 376 Shares of Netflix, Inc. (NASDAQ:NFLX)

Silver Oak Securities Incorporated increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 58.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,023 shares of the Internet television network’s stock after buying an additional 376 shares during the period. Silver Oak Securities Incorporated’s holdings in Netflix were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC bought a new position in Netflix in the third quarter worth approximately $25,000. Spartan Planning & Wealth Management bought a new position in Netflix in the third quarter worth approximately $26,000. Blue Bell Private Wealth Management LLC raised its stake in Netflix by 89.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after buying an additional 35 shares in the last quarter. Carmel Capital Partners LLC grew its holdings in Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new position in Netflix in the fourth quarter worth $41,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NFLX. Wells Fargo & Company lifted their price target on shares of Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Needham & Company LLC raised shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 price target on the stock in a report on Friday, April 19th. KeyCorp lifted their price target on shares of Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, DZ Bank raised shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $630.58.

Netflix Trading Down 0.3 %

Shares of Netflix stock opened at $559.49 on Tuesday. The firm has a 50-day simple moving average of $604.05 and a two-hundred day simple moving average of $522.96. The company has a market cap of $241.08 billion, a P/E ratio of 38.83, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.88 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Insiders sold a total of 154,573 shares of company stock worth $89,548,241 in the last 90 days. Insiders own 1.76% of the company’s stock.

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.