D.A. Davidson & CO. Sells 1,515 Shares of Netflix, Inc. (NASDAQ:NFLX)

D.A. Davidson & CO. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,273 shares of the Internet television network’s stock after selling 1,515 shares during the period. D.A. Davidson & CO.’s holdings in Netflix were worth $14,504,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC boosted its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth $25,000. Newton One Investments LLC bought a new position in Netflix in the 4th quarter worth $34,000. Pineridge Advisors LLC raised its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC raised its holdings in Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after acquiring an additional 16 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This represents a 88.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 303,220 shares of company stock worth $289,856,164 in the last three months. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent analyst reports. Argus raised their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Wedbush reaffirmed an “outperform” rating and issued a $1,150.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. UBS Group lifted their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and lifted their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Finally, Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Performance

Shares of NFLX opened at $1,035.85 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $443.09 billion, a P/E ratio of 52.24, a P/E/G ratio of 2.11 and a beta of 1.27. The company’s fifty day moving average is $932.30 and its two-hundred day moving average is $809.59. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current 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.