Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Oxler Private Wealth LLC

by · The Cerbat Gem

Oxler Private Wealth LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 5.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,422 shares of the Internet television network’s stock after acquiring an additional 72 shares during the quarter. Oxler Private Wealth LLC’s holdings in Netflix were worth $1,326,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NFLX. FMR LLC lifted its holdings 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 worth $18,617,081,000 after purchasing an additional 375,234 shares during the period. Geode Capital Management LLC boosted its stake 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 during the last quarter. GAMMA Investing LLC boosted its stake in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Netflix by 1.6% in 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 during the period. Finally, Northern Trust Corp lifted its holdings in Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network’s stock valued at $4,076,903,000 after acquiring an additional 570,674 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Moffett Nathanson reaffirmed a “buy” rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. TD Cowen lifted their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a report on Friday, July 18th. UBS Group reaffirmed a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research report on Friday, July 18th. Finally, Cfra Research upgraded Netflix to a “strong-buy” rating in a research report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,297.66.

View Our Latest Analysis on NFLX

Insider Activity at Netflix

In other news, Director Reed Hastings sold 9,673 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the sale, the director directly owned 394 shares in the company, valued at $523,669.34. This represents a 96.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,824,949.02. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,923 shares of company stock valued at $222,445,095 in the last 90 days. 1.37% of the stock is owned by corporate insiders.

Netflix Price Performance

Netflix stock opened at $1,180.49 on Monday. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The business has a 50 day simple moving average of $1,236.44 and a 200-day simple moving average of $1,074.14. The stock has a market capitalization of $501.63 billion, a PE ratio of 50.30, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59.

Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the company posted $4.88 earnings per share. Netflix’s quarterly revenue was up 15.9% on a year-over-year basis. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix Profile

(Free Report)

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.

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