Bank OZK Has $2.85 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Bank OZK increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,194 shares of the Internet television network’s stock after purchasing an additional 264 shares during the quarter. Netflix makes up about 1.2% of Bank OZK’s portfolio, making the stock its 24th largest holding. Bank OZK’s holdings in Netflix were worth $2,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Maple Capital Management Inc. grew its holdings in Netflix by 3.7% during the 4th quarter. Maple Capital Management Inc. now owns 10,713 shares of the Internet television network’s stock worth $9,549,000 after acquiring an additional 384 shares during the last quarter. SVB Wealth LLC bought a new position in Netflix during the fourth quarter worth $14,407,000. Flputnam Investment Management Co. boosted its stake in Netflix by 11.0% during the fourth quarter. Flputnam Investment Management Co. now owns 13,468 shares of the Internet television network’s stock worth $12,004,000 after acquiring an additional 1,335 shares in the last quarter. Tufton Capital Management boosted its stake in Netflix by 9.4% during the fourth quarter. Tufton Capital Management now owns 838 shares of the Internet television network’s stock worth $747,000 after acquiring an additional 72 shares in the last quarter. Finally, Waterway Wealth Management LLC raised its holdings in Netflix by 10.4% during the fourth quarter. Waterway Wealth Management LLC now owns 423 shares of the Internet television network’s stock worth $377,000 after buying an additional 40 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,380 shares of company stock valued at $290,016,164. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NFLX. Robert W. Baird upped their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. UBS Group increased their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. KeyCorp lifted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Macquarie boosted their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $980.56 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a market capitalization of $419.44 billion, a P/E ratio of 49.45, a P/E/G ratio of 2.12 and a beta of 1.27. The firm’s 50 day simple moving average is $947.72 and its two-hundred day simple moving average is $830.81.

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