Bokf Na Has $9.64 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Bokf Na cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 15.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,285 shares of the Internet television network’s stock after selling 2,655 shares during the quarter. Bokf Na’s holdings in Netflix were worth $9,641,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Precision Wealth Strategies LLC grew its stake in shares of Netflix by 3.5% in the fourth quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock worth $1,190,000 after purchasing an additional 83 shares during the last quarter. Gilbert & Cook Inc. grew its position in shares of Netflix by 5.9% in the 4th quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock valued at $1,060,000 after buying an additional 121 shares during the last quarter. Aveo Capital Partners LLC increased its stake in shares of Netflix by 6.9% in the fourth quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after buying an additional 43 shares during the period. Gryphon Financial Partners LLC raised its position in shares of Netflix by 20.4% during the fourth quarter. Gryphon Financial Partners LLC now owns 3,971 shares of the Internet television network’s stock worth $1,933,000 after acquiring an additional 674 shares during the last quarter. Finally, M&G Investment Management Ltd. acquired a new position in shares of Netflix in the fourth quarter worth approximately $1,098,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Reed Hastings sold 25,074 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total value of $17,073,388.08. Following the transaction, the chairman now owns 85 shares in the company, valued at $57,878.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 153,048 shares of company stock valued at $99,493,359. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

NASDAQ NFLX opened at $686.80 on Friday. The company has a fifty day moving average price of $659.87 and a 200-day moving average price of $636.58. The firm has a market cap of $294.75 billion, a price-to-earnings ratio of 47.66, a PEG ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $711.33.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the prior year, the firm posted $3.29 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, equities research analysts predict that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Jefferies Financial Group raised their price target on shares of Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Benchmark lifted their target price on shares of Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a research note on Tuesday, July 16th. Citigroup upped their price target on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Argus lifted their price objective on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Finally, Redburn Atlantic boosted their price objective on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $685.29.

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.