Park Square Financial Group LLC Acquires New Shares in Netflix, Inc. (NASDAQ:NFLX)

Park Square Financial Group LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 399 shares of the Internet television network's stock, valued at approximately $356,000.

Several other institutional investors have also added to or reduced their stakes in NFLX. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the 4th quarter valued at $27,000. Pathway Financial Advisers LLC lifted its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after acquiring an additional 14 shares during the period. Transce3nd LLC acquired a new position in shares of Netflix during the 4th quarter worth $32,000. Newton One Investments LLC acquired a new position in shares of Netflix during the 4th quarter worth $34,000. Finally, Pineridge Advisors LLC raised its holdings in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

NASDAQ:NFLX traded up $11.00 during trading hours on Friday, hitting $1,195.86. 1,637,103 shares of the company's stock traded hands, compared to its average volume of 3,741,355. The firm has a market cap of $508.92 billion, a P/E ratio of 60.29, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,215.91. The business's fifty day simple moving average is $1,055.18 and its two-hundred day simple moving average is $971.66. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NFLX shares. Robert W. Baird boosted their price target on Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. FBN Securities started coverage on Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price for the company. Piper Sandler set a $1,150.00 price target on Netflix and gave the company an "overweight" rating in a research note on Monday, April 21st. Evercore ISI reissued an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Finally, Rosenblatt Securities increased their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,122.33.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 640 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $1,194.77, for a total transaction of $764,652.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay C. Hoag sold 32,515 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director now owns 79,040 shares in the company, valued at $87,099,708.80. This trade represents a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,348 shares of company stock valued at $139,087,908. Insiders own 1.37% of the company's stock.

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.