Park National Corp OH Invests $217,000 in Netflix, Inc. (NASDAQ:NFLX)

Park National Corp OH purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 244 shares of the Internet television network’s stock, valued at approximately $217,000.

Other large investors also recently added to or reduced their stakes in the company. Range Financial Group LLC bought a new position in shares of Netflix during the 4th quarter valued at approximately $833,000. One Wealth Capital Management LLC bought a new position in Netflix during the fourth quarter valued at $1,906,000. First County Bank CT bought a new position in Netflix during the fourth quarter valued at $233,000. Bath Savings Trust Co raised its stake in shares of Netflix by 17.6% in the fourth quarter. Bath Savings Trust Co now owns 400 shares of the Internet television network’s stock valued at $357,000 after acquiring an additional 60 shares during the period. Finally, Spartan Planning & Wealth Management bought a new stake in shares of Netflix in the 4th quarter worth about $645,000. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Macquarie reissued an “outperform” rating and set a $795.00 price target on shares of Netflix in a research note on Friday, October 18th. Pivotal Research upped their price objective on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Citigroup increased their target price on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Netflix from $850.00 to $1,010.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $824.30.

Netflix Price Performance

Shares of NFLX stock opened at $875.00 on Thursday. Netflix, Inc. has a fifty-two week low of $472.95 and a fifty-two week high of $941.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $374.03 billion, a price-to-earnings ratio of 49.52, a PEG ratio of 1.77 and a beta of 1.27. The stock’s 50-day simple moving average is $874.05 and its 200-day simple moving average is $750.65.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. The company 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%. As a group, equities analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock valued at $131,030,268 in the last ninety days. Company 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.