Netflix, Inc. (NASDAQ:NFLX) is Night Owl Capital Management LLC's 9th Largest Position

Night Owl Capital Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,468 shares of the Internet television network's stock after buying an additional 1,072 shares during the quarter. Netflix makes up about 4.0% of Night Owl Capital Management LLC's investment portfolio, making the stock its 9th largest holding. Night Owl Capital Management LLC's holdings in Netflix were worth $30,722,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. NorthRock Partners LLC increased its holdings in shares of Netflix by 169.2% during the 4th quarter. NorthRock Partners LLC now owns 8,713 shares of the Internet television network's stock valued at $7,766,000 after acquiring an additional 5,476 shares during the last quarter. Ogborne Capital Management LLC boosted its position in Netflix by 1.8% during the fourth quarter. Ogborne Capital Management LLC now owns 89,380 shares of the Internet television network's stock worth $79,666,000 after purchasing an additional 1,540 shares during the period. Obermeyer Wealth Partners grew its holdings in Netflix by 4.9% during the fourth quarter. Obermeyer Wealth Partners now owns 691 shares of the Internet television network's stock valued at $616,000 after purchasing an additional 32 shares during the last quarter. Morse Asset Management Inc raised its position in shares of Netflix by 2.0% in the fourth quarter. Morse Asset Management Inc now owns 6,957 shares of the Internet television network's stock valued at $6,201,000 after purchasing an additional 137 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Netflix by 3.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 499,355 shares of the Internet television network's stock valued at $445,774,000 after purchasing an additional 14,954 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 1,358 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Insiders sold a total of 132,868 shares of company stock worth $138,483,256 in the last quarter. 1.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research analyst reports. Macquarie raised their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Evercore ISI upped their price target on shares of Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. StockNews.com cut Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $1,084.91.

Netflix Stock Performance

NFLX stock opened at $1,138.44 on Wednesday. The company has a 50 day moving average price of $991.99 and a 200 day moving average price of $938.19. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,164.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $484.49 billion, a PE ratio of 57.41, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the prior year, the firm posted $8.28 earnings per share. Analysts forecast that Netflix, Inc. will post 24.58 EPS 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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.