Mcdonald Capital Investors Inc. CA Reduces Holdings in Netflix, Inc. (NASDAQ:NFLX)

Mcdonald Capital Investors Inc. CA reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 20.5% during the fourth quarter, Holdings Channel reports. The firm owned 169,952 shares of the Internet television network’s stock after selling 43,733 shares during the period. Netflix makes up 9.5% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 3rd largest holding. Mcdonald Capital Investors Inc. CA’s holdings in Netflix were worth $151,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Swedbank AB raised its holdings in shares of Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Netflix by 13.3% during the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after acquiring an additional 198,148 shares during the period. Summit Global Investments raised its holdings in shares of Netflix by 35.0% during the third quarter. Summit Global Investments now owns 999 shares of the Internet television network’s stock valued at $709,000 after acquiring an additional 259 shares during the period. Leavell Investment Management Inc. raised its holdings in shares of Netflix by 11.3% during the third quarter. Leavell Investment Management Inc. now owns 622 shares of the Internet television network’s stock valued at $441,000 after acquiring an additional 63 shares during the period. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Netflix during the third quarter valued at approximately $1,787,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 41,121 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at approximately $101,241.12. This represents a 99.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wedbush restated an “outperform” rating and set a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. UBS Group boosted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Guggenheim boosted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley boosted their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Pivotal Research boosted their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Down 1.7 %

Shares of NASDAQ:NFLX opened at $891.11 on Monday. The company has a 50 day moving average of $950.26 and a 200-day moving average of $842.54. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The stock has a market cap of $381.18 billion, a price-to-earnings ratio of 44.94, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

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

Netflix 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.