Oak Harvest Investment Services Purchases 113 Shares of Netflix, Inc. (NASDAQ:NFLX)

Oak Harvest Investment Services grew its position in Netflix, Inc. (NASDAQ:NFLX) by 5.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,395 shares of the Internet television network’s stock after buying an additional 113 shares during the period. Oak Harvest Investment Services’ holdings in Netflix were worth $1,454,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Columbia Trust Co 01012016 boosted its holdings in shares of Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after buying an additional 208 shares in the last quarter. Crumly & Associates Inc. boosted its holdings in shares of Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after buying an additional 83 shares in the last quarter. Venture Visionary Partners LLC boosted its stake in Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after purchasing an additional 1,318 shares in the last quarter. Sandy Cove Advisors LLC boosted its stake in Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock worth $578,000 after purchasing an additional 114 shares in the last quarter. Finally, Malaga Cove Capital LLC boosted its stake in Netflix by 25.4% in the 4th quarter. Malaga Cove Capital LLC now owns 1,562 shares of the Internet television network’s stock worth $761,000 after purchasing an additional 316 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NFLX. TD Cowen lifted their target price on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $655.00 target price on shares of Netflix in a research note on Wednesday, May 15th. Piper Sandler lifted their target price on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Loop Capital lifted their target price on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, Bank of America raised their price target on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $637.34.

Insider Activity

In other news, Chairman Reed Hastings sold 18,361 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the transaction, the chairman now owns 28 shares of the company’s stock, valued at approximately $15,443.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Chairman Reed Hastings sold 18,361 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the sale, the chairman now directly owns 28 shares in the company, valued at approximately $15,443.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 268 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $18,764,328.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,385 shares of company stock valued at $44,469,351. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

NFLX traded up $2.93 on Thursday, hitting $682.51. 1,403,545 shares of the company’s stock were exchanged, compared to its average volume of 2,678,236. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $689.88. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $635.90 and a 200-day moving average price of $588.63. The stock has a market cap of $294.16 billion, a price-to-earnings ratio of 47.36, a P/E/G ratio of 1.47 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.88 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 18.31 earnings per share for the current year.

Netflix 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.