Park National Corp OH Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Park National Corp OH bought a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, Holdings Channel reports. The firm bought 244 shares of the Internet television network’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sachetta LLC increased its holdings in shares of Netflix by 27.4% during the 2nd quarter. Sachetta LLC now owns 121 shares of the Internet television network’s stock valued at $75,000 after purchasing an additional 26 shares in the last quarter. MGO One Seven LLC increased its holdings in Netflix by 52.7% in the second quarter. MGO One Seven LLC now owns 10,415 shares of the Internet television network’s stock valued at $7,029,000 after buying an additional 3,594 shares in the last quarter. Morling Financial Advisors LLC acquired a new position in shares of Netflix in the second quarter worth about $222,000. Angeles Wealth Management LLC boosted its stake in shares of Netflix by 9.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 2,177 shares of the Internet television network’s stock worth $1,469,000 after acquiring an additional 187 shares in the last quarter. Finally, AGF Management Ltd. grew its position in shares of Netflix by 3.4% during the 2nd quarter. AGF Management Ltd. now owns 3,872 shares of the Internet television network’s stock valued at $2,613,000 after acquiring an additional 129 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on NFLX. TD Cowen increased their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. UBS Group increased their target price on Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Rosenblatt Securities lifted their price target on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Wells Fargo & Company upped their price objective 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. Finally, Evercore ISI lifted their target price on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $824.30.

Netflix Stock Down 0.5 %

Shares of NFLX opened at $875.00 on Thursday. The company’s 50-day moving average price is $874.05 and its 200 day moving average price is $750.65. Netflix, Inc. has a 12-month low of $472.95 and a 12-month high of $941.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $374.03 billion, a P/E ratio of 49.52, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, sell-side analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock worth $131,030,268 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

About Netflix

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.