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

Park Edge Advisors LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,988 shares of the Internet television network’s stock after purchasing an additional 42 shares during the period. Park Edge Advisors LLC’s holdings in Netflix were worth $1,410,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NFLX. Denver PWM LLC purchased a new position in Netflix during the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC increased its holdings in shares of Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the period. Proffitt & Goodson Inc. raised its position in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares in the last quarter. AlphaMark Advisors LLC lifted its stake in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in Netflix during the second quarter valued at about $38,000. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,817,500. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 229,711 shares of company stock worth $153,905,830 in the last ninety days. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NFLX shares. TD Cowen boosted their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Piper Sandler reissued an “overweight” rating and set a $840.00 target price (up previously from $800.00) on shares of Netflix in a research report on Friday, October 18th. Guggenheim lifted their price target on shares of Netflix from $735.00 to $810.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Macquarie reaffirmed an “outperform” rating and set a $795.00 price target on shares of Netflix in a research report on Friday, October 18th. Finally, Argus raised their price objective on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $747.70.

Netflix Stock Performance

NFLX stock traded up $0.13 during midday trading on Friday, hitting $754.68. 2,819,473 shares of the stock traded hands, compared to its average volume of 3,721,664. Netflix, Inc. has a 1-year low of $395.62 and a 1-year high of $773.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 0.95. The stock’s fifty day simple moving average is $706.67 and its 200-day simple moving average is $659.59. The firm has a market cap of $322.60 billion, a P/E ratio of 42.71, a PEG ratio of 1.48 and a beta of 1.26.

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.