Park Square Financial Group LLC Has $593,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Park Square Financial Group LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 59.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 636 shares of the Internet television network's stock after buying an additional 237 shares during the quarter. Park Square Financial Group LLC's holdings in Netflix were worth $593,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Gateway Wealth Partners LLC grew its holdings in shares of Netflix by 54.0% during the first quarter. Gateway Wealth Partners LLC now owns 496 shares of the Internet television network's stock valued at $463,000 after buying an additional 174 shares during the last quarter. Greater Midwest Financial Group LLC boosted its holdings in Netflix by 20.1% during the first quarter. Greater Midwest Financial Group LLC now owns 5,297 shares of the Internet television network's stock worth $4,940,000 after purchasing an additional 886 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in Netflix by 2.4% during the first quarter. SteelPeak Wealth LLC now owns 32,027 shares of the Internet television network's stock worth $29,866,000 after purchasing an additional 754 shares during the last quarter. Xponance Inc. boosted its holdings in Netflix by 2.7% during the first quarter. Xponance Inc. now owns 105,208 shares of the Internet television network's stock worth $98,110,000 after purchasing an additional 2,766 shares during the last quarter. Finally, Kesler Norman & Wride LLC boosted its holdings in Netflix by 11.6% during the first quarter. Kesler Norman & Wride LLC now owns 3,144 shares of the Internet television network's stock worth $2,934,000 after purchasing an additional 328 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other news, Director Jay C. Hoag sold 32,515 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the sale, the director owned 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reed Hastings sold 26,977 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at $446,421.70. This trade represents a 98.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 186,723 shares of company stock worth $223,307,201 in the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NFLX shares. Piper Sandler set a $1,150.00 price target on shares of Netflix and gave the stock an "overweight" rating in a report on Monday, April 21st. Robert W. Baird boosted their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Jefferies Financial Group lifted their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. FBN Securities began coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective on the stock. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,206.64.

Netflix Price Performance

NFLX stock opened at $1,250.59 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The stock has a market cap of $532.21 billion, a PE ratio of 59.10, a P/E/G ratio of 2.34 and a beta of 1.59. The firm has a 50 day simple moving average of $1,219.93 and a two-hundred day simple moving average of $1,046.88.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the previous year, the company earned $8.28 EPS. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.

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