Davidson Investment Advisors boosts stock position in Netflix, Inc. (NASDAQ:NFLX)

Financial Advisors


Davidson Investment Advisors increased its stake in Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 2.3% in the fourth quarter, according to the company’s latest 13F file filed with the U.S. Securities and Exchange Commission . The institutional investor bought an additional 1,317 shares during the quarter, after which he owned 57,766 shares of the Internet television network. Netflix accounts for approximately 1.3% of Davidson Investment Advisors’ holdings, making it its 23rd largest holding. Netflix’s assets held by Davidson Investment Advisors were valued at $17,034,000 at the end of the most recent reporting period.

Many other hedge funds and other institutional investors have also increased or decreased their stakes in NFLX recently. Vanguard Group Inc. increased his Netflix holdings by 1.5% in the third quarter. Vanguard Group Inc. now owns his 35,119,551 shares of internet television network stock valued at $8,268,547,000 after purchasing an additional 534,950 shares during this period. Price T Rowe Associates Inc. MD increased his Netflix holdings by 21.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,405,142 shares of Internet television network worth $2,690,289,000 after purchasing an additional 1,991,099 of his shares during this period. Polen Capital Management LLC increased its stake in Netflix by 53.9% in the third quarter. Polen Capital Management LLC now owns 7,332,431 shares of the Internet Television Network worth $1,726,348,000 after purchasing an additional 2,569,072 shares during this period. Fisher Asset Management LLC increased its Netflix holding by 2.1% in the third quarter. Fisher Asset Management LLC now owns 6,686,275 shares of the Internet Television Network worth $1,574,217,000 after purchasing an additional 137,972 shares during this period. Finally, Edgewood Management LLC increased its Netflix holding by 19.3% in the third quarter. After purchasing an additional 977,900 shares during this period, Edgewood Management LLC now owns 6,057,299 shares of Internet television network stock valued at $1,426,130,000. Hedge funds and other institutional investors own 77.26% of the company’s shares.

Analyst sets new price target

Several equity research analysts have published reports on the company. Canaccord Genuity Group raised its price target on Netflix from $365.00 to $400.00 in a report on Friday, January 20, giving the stock a “buy” rating. Goldman Sachs Group Inc. raised Netflix’s price target from $225.00 to $230.00, giving the stock a “sell” rating, in a report on Friday, January 20. Argus raised his Netflix price target from $340.00 to $390.00 in his Monday, January 23 report, giving it a “buy” rating. Cowen increased his price target on Netflix from $405.00 to $440.00 in a report on Friday, January 20th. Finally, Deutsche Bank Aktiengesellschaft raised Netflix’s price target from $350.00 to $400.00 in its Friday January 20 report, giving the stock a “buy” rating. Three investment analysts gave the stock a sell rating, 16 assigned a hold rating, and 23 assigned a buy rating to the company. Based on MarketBeat.com data, Netflix currently has an average rating of “Pending” and an average price target of $344.00.

Insider activity

In related news, Director Jay C. Hoag sold 3,698 shares of the company on Tuesday, January 31st. The shares were sold at an average price of $352.94 and the total transaction value he was $1,305,172.12. The transaction is disclosed in documents filed with the SEC and can be accessed via this hyperlink. His 2.39% of shares are now owned by insiders.

Netflix deals down 2.6%

NASDAQ NFLX shares fell $8.74 in intraday trading on Monday to reach $329.89. His 4,336,826 shares in the company traded, with an average trading volume of 7,383,730 shares for him. His one year low on Netflix, Inc. is $162.71 and his one year high is $379.43. The stock has a market cap of $146.92 billion, a price/earnings ratio of 33.04, a PEG ratio of 1.57 and a beta of 1.27. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt to equity ratio of 0.69. The 50-day moving average for this business is $329.70 and the 200-day moving average is $307.29.

Netflix (NASDAQ:NFLX – Get Rating) last reported its earnings on Thursday, January 19. The Internet TV network reported an EPS of $0.12 for the quarter, missing the consensus forecast of $0.47 ($0.35). Netflix posted a net profit margin of 14.21% and a return on equity of 23.06%. The company’s revenue for the quarter was $7.85 billion, compared to analyst expectations of $7.85 billion. His earnings per share for the company in the same period last year were $1.33. The company’s revenue for the quarter increased 1.9% year-on-year. On average, sell-side analysts expect Netflix, Inc. to post earnings per share of 11.31 per share this fiscal year.

About Netflix

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Netflix, Inc. is committed to providing entertainment services. We also offer a wide range of activities for your leisure time, entertainment videos, video games, and other entertainment sources. It operates through US and International geographic segments. The company was founded by Mark Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, California.

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Netflix (NASDAQ:NFLX) Quarterly Institutional Ownership

This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.

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