Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Ogborne Capital Management LLC

Ogborne Capital Management LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,380 shares of the Internet television network's stock after buying an additional 1,540 shares during the period. Netflix makes up about 12.7% of Ogborne Capital Management LLC's portfolio, making the stock its 2nd largest position. Ogborne Capital Management LLC's holdings in Netflix were worth $79,666,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its stake in shares of Netflix by 8.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after buying an additional 110,432 shares during the last quarter. First National Trust Co grew its stake in Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after purchasing an additional 12 shares during the period. Haven Private LLC purchased a new stake in shares of Netflix during the 4th quarter valued at $733,000. Sigma Planning Corp raised its stake in shares of Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after purchasing an additional 386 shares during the period. Finally, Quilter Plc boosted its holdings in shares of Netflix by 8.2% in the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock worth $128,133,000 after buying an additional 10,946 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

NFLX has been the topic of several research reports. Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. FBN Securities assumed coverage on Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price target for the company. Wolfe Research raised shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. Benchmark reissued a "hold" rating on shares of Netflix in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Netflix from $1,025.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,084.91.

Insider Activity

In other news, insider Cletus R. Willems sold 298 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the sale, the insider now owns 31,610 shares in the company, valued at $35,972,180. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 1,358 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was 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. Over the last ninety days, insiders sold 128,949 shares of company stock worth $134,077,281. Insiders own 1.76% of the company's stock.

Netflix Trading Down 2.7%

Shares of NFLX opened at $1,110.00 on Tuesday. The firm has a fifty day simple moving average of $987.35 and a two-hundred day simple moving average of $936.79. The stock has a market capitalization of $472.38 billion, a P/E ratio of 55.98, a PEG ratio of 2.12 and a beta of 1.58. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,164.00.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the previous year, the company earned $8.28 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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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