Dixon Mitchell Investment Counsel Inc. Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Dixon Mitchell Investment Counsel Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.5% in the third quarter, HoldingsChannel reports. The firm owned 41,766 shares of the Internet television network’s stock after acquiring an additional 2,189 shares during the period. Dixon Mitchell Investment Counsel Inc.’s holdings in Netflix were worth $29,623,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of NFLX. Denver PWM LLC purchased a new stake in shares of Netflix during the second quarter worth about $25,000. Valued Wealth Advisors LLC raised its holdings in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the last quarter. Indiana Trust & Investment Management CO raised its holdings in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares during the last quarter. Proffitt & Goodson Inc. lifted its stake in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the period. Finally, AlphaMark Advisors LLC boosted its holdings in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NFLX shares. Wedbush increased their target price on Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a report on Friday. KeyCorp boosted their target price on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday. TD Cowen lifted their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday. Finally, Bank of America upped their price objective on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $739.38.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Netflix news, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the transaction, the chairman now owns 57 shares of the company’s stock, valued at $35,991.51. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 225,167 shares of company stock worth $150,492,460. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Up 11.1 %

NASDAQ NFLX opened at $763.89 on Friday. The company has a market capitalization of $329.24 billion, a price-to-earnings ratio of 53.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix, Inc. has a 12 month low of $392.26 and a 12 month high of $766.28. The company’s fifty day moving average price is $696.38 and its two-hundred day moving average price is $654.66.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same period last year, the firm earned $3.29 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

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.