Park Place Capital Corp Increases Stock Holdings in Netflix, Inc. $NFLX

Park Place Capital Corp boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 511 shares of the Internet television network’s stock after purchasing an additional 23 shares during the period. Park Place Capital Corp’s holdings in Netflix were worth $661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Resurgent Financial Advisors LLC boosted its position in Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after purchasing an additional 708 shares during the last quarter. MRA Advisory Group lifted its position in shares of Netflix by 28.4% during the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after buying an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Netflix by 42.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after buying an additional 130,946 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in shares of Netflix by 1.4% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock valued at $1,324,000 after buying an additional 14 shares in the last quarter. Finally, New England Research & Management Inc. lifted its position in shares of Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock valued at $1,979,000 after buying an additional 1,268 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 0.3%

Shares of NFLX opened at $1,206.41 on Tuesday. The business’s 50 day moving average is $1,208.21 and its 200 day moving average is $1,155.55. The company has a market capitalization of $512.63 billion, a PE ratio of 51.40, a price-to-earnings-growth ratio of 2.04 and a beta of 1.60. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the company earned $4.88 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,457,842.16. The trade was a 41.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the sale, the director directly owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,324 shares of company stock worth $70,235,556. Insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on NFLX. Rosenblatt Securities lifted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Wedbush reaffirmed an “outperform” rating and set a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. TD Cowen lifted their price objective on Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Robert W. Baird lifted their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Phillip Securities cut Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,328.87.

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.