Bank OZK Has $3.54 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

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Bank OZK boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,796 shares of the Internet television network's stock after purchasing an additional 602 shares during the period. Netflix accounts for approximately 1.5% of Bank OZK's portfolio, making the stock its 14th biggest position. Bank OZK's holdings in Netflix were worth $3,540,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC boosted its position in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix during the fourth quarter valued at $27,000. Transce3nd LLC acquired a new stake in Netflix during the fourth quarter valued at $32,000. Copia Wealth Management acquired a new stake in Netflix during the fourth quarter valued at $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the first quarter valued at $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NFLX. Wolfe Research set a $1,340.00 price objective on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price target on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Three equities 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 given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix Trading Up 0.5%

Shares of NFLX stock opened at $1,245.09 on Tuesday. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The company has a market capitalization of $529.08 billion, a P/E ratio of 53.05, a P/E/G ratio of 2.09 and a beta of 1.59. The firm has a 50-day moving average price of $1,231.65 and a 200 day moving average price of $1,105.79. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the firm posted $4.88 EPS. The firm's quarterly revenue was up 15.9% on a year-over-year basis. Research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Reed Hastings sold 26,933 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the transaction, the director directly owned 394 shares of the company's stock, valued at $477,394.04. The trade was a 98.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director directly owned 63,040 shares in the company, valued at $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,307 shares of company stock valued at $179,443,809 over the last quarter. 1.37% of the stock is owned by insiders.

About Netflix

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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