Netflix, Inc. (NASDAQ:NFLX) Holdings Boosted by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,571 shares of the Internet television network’s stock after buying an additional 1,932 shares during the period. Park Avenue Securities LLC’s holdings in Netflix were worth $7,635,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. VitalStone Financial LLC boosted its stake in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of Netflix during the 4th quarter valued at $32,000. Beaird Harris Wealth Management LLC boosted its stake in shares of Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after buying an additional 62 shares during the period. Spartan Planning & Wealth Management acquired a new stake in shares of Netflix during the 3rd quarter valued at $26,000. Finally, Blue Bell Private Wealth Management LLC boosted its stake in shares of Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anne M. Sweeney sold 633 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,425 shares of company stock valued at $41,919,791. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NFLX. CICC Research began coverage on shares of Netflix in a research note on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Loop Capital lifted their price objective on shares of Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday. Sanford C. Bernstein lifted their price objective on shares of Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research note on Friday, April 19th. Finally, TD Cowen lifted their target price on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $633.53.

Netflix Price Performance

NFLX opened at $686.12 on Friday. The company has a fifty day moving average price of $621.45 and a two-hundred day moving average price of $575.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $689.88. The firm has a market capitalization of $295.72 billion, a PE ratio of 47.61, a P/E/G ratio of 1.47 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.88 EPS. As a group, analysts anticipate that Netflix, Inc. will post 18.31 earnings per share for the current year.

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.