Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Park Place Capital Corp

Park Place Capital Corp cut its position in Netflix, Inc. (NASDAQ:NFLX) by 22.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,059 shares of the Internet television network’s stock after selling 300 shares during the quarter. Park Place Capital Corp’s holdings in Netflix were worth $643,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Spartan Planning & Wealth Management purchased a new position in shares of Netflix during the 3rd quarter worth approximately $26,000. VitalStone Financial LLC increased its stake in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC increased its stake in Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares in the last quarter. Scarborough Advisors LLC purchased a new position in Netflix in the 4th quarter valued at approximately $32,000. Finally, Indiana Trust & Investment Management CO increased its stake in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $593.81, for a total transaction of $758,889.18. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,772,972.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $593.81, for a total transaction of $758,889.18. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,772,972.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,859 shares of company stock worth $29,365,893. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $713.00 price objective (up from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. KeyCorp increased their target price on Netflix from $705.00 to $707.00 and gave the company an “overweight” rating in a report on Thursday, June 13th. Evercore ISI increased their target price on Netflix from $650.00 to $700.00 and gave the company an “outperform” rating in a report on Tuesday, May 28th. Oppenheimer reiterated an “outperform” rating and set a $725.00 target price on shares of Netflix in a report on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $633.53.

Netflix Stock Performance

NFLX stock traded down $1.27 during midday trading on Monday, reaching $673.61. The company had a trading volume of 2,211,181 shares, compared to its average volume of 3,977,779. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average price of $628.93 and a 200 day moving average price of $585.07. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $689.88. The firm has a market capitalization of $290.33 billion, a PE ratio of 46.75, a P/E/G ratio of 1.46 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.88 earnings per share. Analysts anticipate that Netflix, Inc. will post 18.31 earnings per share for the current 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.