Park Capital Management LLC WI Increases Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Park Capital Management LLC increased its stake in Netflix by 65.8%, owning 1,147 shares valued at approximately $1.54 million, making Netflix its 11th biggest holding.
• Netflix reported $7.19 earnings per share for the most recent quarter, exceeding estimates, and achieving a revenue of $11.08 billion, reflecting a 15.9% increase year-over-year.
• Recent analyst reports show a consensus rating of "Moderate Buy" for Netflix, with an average price target of $1,328.87.

Park Capital Management LLC WI lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 65.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,147 shares of the Internet television network's stock after acquiring an additional 455 shares during the period. Netflix accounts for 1.4% of Park Capital Management LLC WI's holdings, making the stock its 11th largest position. Park Capital Management LLC WI's holdings in Netflix were worth $1,536,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Resurgent Financial Advisors LLC boosted its stake in shares of Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after acquiring an additional 708 shares during the last quarter. MRA Advisory Group boosted its stake in shares of Netflix by 28.4% in the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock worth $1,231,000 after acquiring an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock worth $412,059,000 after acquiring an additional 130,946 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of Netflix in the fourth quarter worth approximately $873,000. Finally, New England Research & Management Inc. boosted its stake in shares of Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after acquiring an additional 1,268 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,348 shares of company stock worth $109,498,489. Company insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. TD Cowen boosted their price objective on Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Barclays reissued a "sell" rating and set a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Finally, Zacks Research lowered Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $1,328.87.

Netflix Trading Down 1.7%

Shares of Netflix stock traded down $20.72 during trading hours on Thursday, hitting $1,207.78. The company's stock had a trading volume of 3,159,374 shares, compared to its average volume of 2,602,620. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The firm has a fifty day moving average of $1,212.85 and a 200-day moving average of $1,137.88. The stock has a market cap of $513.22 billion, a price-to-earnings ratio of 51.46, a P/E/G ratio of 2.07 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the company posted $4.88 EPS. The company's quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 EPS 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.