Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Park Edge Advisors LLC

Park Edge Advisors LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,015 shares of the Internet television network’s stock after acquiring an additional 27 shares during the quarter. Park Edge Advisors LLC’s holdings in Netflix were worth $1,796,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Advisory Resource Group increased its holdings in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after buying an additional 12 shares during the last quarter. Insight Wealth Strategies LLC grew its position in Netflix by 1.9% during the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock valued at $585,000 after acquiring an additional 12 shares during the period. Sunflower Bank N.A. increased its stake in Netflix by 2.1% during the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock worth $513,000 after acquiring an additional 12 shares during the last quarter. D.B. Root & Company LLC raised its holdings in shares of Netflix by 4.1% in the 4th quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock worth $295,000 after purchasing an additional 13 shares during the period. Finally, New World Advisors LLC grew its holdings in shares of Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after purchasing an additional 14 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.7 %

Netflix stock opened at $977.59 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The firm’s 50-day moving average is $895.13 and its 200-day moving average is $766.98. The company has a market cap of $417.88 billion, a P/E ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.11 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 23.72 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on NFLX shares. Pivotal Research raised their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Needham & Company LLC increased their price target on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday. Finally, Morgan Stanley increased their target price on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Insiders sold 147,117 shares of company stock worth $123,913,691 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

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.