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

D.A. Davidson & CO. raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 hedge funds have also recently bought and sold shares of NFLX. Jacobs Levy Equity Management Inc. boosted its holdings in Netflix by 26.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,670 shares of the Internet television network’s stock valued at $1,014,000 after purchasing an additional 349 shares during the period. Creekmur Asset Management LLC lifted its holdings in shares of Netflix by 560.0% during the 1st quarter. Creekmur Asset Management LLC now owns 99 shares of the Internet television network’s stock worth $60,000 after acquiring an additional 84 shares during the period. Coppell Advisory Solutions Corp. bought a new position in shares of Netflix during the 1st quarter worth about $290,000. New Covenant Trust Company N.A. bought a new position in shares of Netflix during the 1st quarter worth about $154,000. Finally, Investmark Advisory Group LLC bought a new position in shares of Netflix during the 1st quarter worth about $366,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 0.8 %

Netflix stock opened at $872.60 on Wednesday. The company’s 50 day simple moving average is $762.10 and its 200 day simple moving average is $695.13. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $908.00. The firm 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 debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. As a group, sell-side analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NFLX. Guggenheim raised their price objective on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. KeyCorp increased their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Sanford C. Bernstein increased their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, Needham & Company LLC increased their target price on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $764.82.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 25,074 shares of Netflix stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the completion of the transaction, the chairman now directly owns 85 shares in the company, valued at approximately $57,878.20. The trade was a 99.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,866 shares of company stock valued at $133,393,921. 1.76% of the stock is currently owned by corporate insiders.

Netflix Company 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.