D.A. Davidson & CO. Acquires 72 Shares of Netflix, Inc. (NASDAQ:NFLX)

D.A. Davidson & CO. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.4% during the third quarter, HoldingsChannel.com reports. The firm owned 17,788 shares of the Internet television network’s stock after purchasing an additional 72 shares during the period. D.A. Davidson & CO.’s holdings in Netflix were worth $12,616,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NFLX. Dai ichi Life Insurance Company Ltd increased its holdings in Netflix by 24.7% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 21,740 shares of the Internet television network’s stock worth $15,420,000 after buying an additional 4,307 shares during the last quarter. Qsemble Capital Management LP acquired a new position in Netflix during the third quarter worth $209,000. Capital Square LLC increased its holdings in Netflix by 5.5% during the third quarter. Capital Square LLC now owns 906 shares of the Internet television network’s stock worth $643,000 after buying an additional 47 shares during the last quarter. Associated Banc Corp increased its holdings in Netflix by 374.2% during the third quarter. Associated Banc Corp now owns 6,312 shares of the Internet television network’s stock worth $4,477,000 after buying an additional 4,981 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in Netflix by 11.5% during the third quarter. Private Trust Co. NA now owns 2,699 shares of the Internet television network’s stock worth $1,914,000 after buying an additional 278 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the sale, the chairman now directly owns 85 shares in the company, valued at approximately $60,023.60. This trade represents a 99.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,866 shares of company stock worth $133,393,921. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.8 %

Shares of Netflix stock opened at $872.60 on Wednesday. The company has a market capitalization of $373.00 billion, a price-to-earnings ratio of 49.38, a PEG ratio of 1.67 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $908.00. The firm’s 50-day moving average price is $762.10 and its two-hundred day moving average price is $695.13.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The firm 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, analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein boosted their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Bank of America boosted their target price on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. China Renaissance initiated coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective on the stock. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, Pivotal Research increased their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two 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, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $764.82.

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.