Oak Ridge Investments LLC Has $19.96 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Oak Ridge Investments LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,400 shares of the Internet television network’s stock after purchasing an additional 1,140 shares during the quarter. Netflix makes up approximately 1.7% of Oak Ridge Investments LLC’s holdings, making the stock its 14th biggest position. Oak Ridge Investments LLC’s holdings in Netflix were worth $19,956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Nuveen LLC acquired a new position in shares of Netflix during the 1st quarter valued at about $2,385,585,000. Goldman Sachs Group Inc. increased its holdings in shares of Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after acquiring an additional 1,236,251 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Netflix by 14.3% during the 4th 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 last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after acquiring an additional 509,255 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, insider David A. Hyman sold 424 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the transaction, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 146,307 shares of company stock worth $179,443,809. 1.37% of the stock is currently owned by company insiders.

Netflix Trading Down 1.7%

NFLX stock opened at $1,204.44 on Thursday. The business has a fifty day moving average price of $1,231.68 and a 200 day moving average price of $1,098.52. The stock has a market capitalization of $511.80 billion, a price-to-earnings ratio of 51.32, a P/E/G ratio of 2.06 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $648.70 and a fifty-two week 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.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $4.88 EPS. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Cfra Research raised Netflix to a “strong-buy” rating in a report on Monday, April 28th. TD Cowen increased their price objective on Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a report on Friday, July 18th. Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Piper Sandler increased their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Finally, UBS Group restated a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,297.66.

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.