Park Edge Advisors LLC Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Park Edge Advisors LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,015 shares of the Internet television network’s stock after purchasing 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 SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Beaird Harris Wealth Management LLC raised its stake in shares of Netflix by 113.3% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 96 shares of the Internet television network’s stock worth $65,000 after buying an additional 51 shares during the period. Dorsey Wright & Associates lifted its holdings in Netflix by 2.3% during the second quarter. Dorsey Wright & Associates now owns 3,193 shares of the Internet television network’s stock valued at $2,155,000 after purchasing an additional 71 shares in the last quarter. Raab & Moskowitz Asset Management LLC grew its position in shares of Netflix by 13.1% in the second quarter. Raab & Moskowitz Asset Management LLC now owns 1,061 shares of the Internet television network’s stock valued at $716,000 after purchasing an additional 123 shares during the period. Kathmere Capital Management LLC acquired a new stake in shares of Netflix in the second quarter valued at about $416,000. Finally, Ascent Group LLC increased its stake in shares of Netflix by 9.8% during the second quarter. Ascent Group LLC now owns 5,421 shares of the Internet television network’s stock worth $3,659,000 after purchasing an additional 485 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.7 %

Shares of NASDAQ NFLX opened at $977.59 on Friday. The stock has a fifty day simple moving average of $895.13 and a 200-day simple moving average of $766.98. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $999.00. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $417.88 billion, a PE ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly 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 company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 earnings per share. On average, equities analysts forecast that Netflix, Inc. will post 23.72 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at $64,435.10. The trade was a 99.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the sale, the chief executive officer now directly owns 2,556 shares in the company, valued at $1,960,579.80. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock valued at $123,913,691 in the last ninety days. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $680.00 to $1,494.00 in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group raised their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup upped their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Nine investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.