Mcdonald Capital Investors Inc. CA Has $151.56 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Mcdonald Capital Investors Inc. CA cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,685 shares of the Internet television network’s stock after selling 4,933 shares during the quarter. Netflix makes up 9.3% of Mcdonald Capital Investors Inc. CA’s investment portfolio, making the stock its 3rd largest holding. Mcdonald Capital Investors Inc. CA’s holdings in Netflix were worth $151,560,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Denver PWM LLC purchased a new stake in Netflix in the second quarter worth $25,000. Proffitt & Goodson Inc. increased its holdings in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the period. AlphaMark Advisors LLC lifted its holdings in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC purchased a new stake in Netflix during the second quarter valued at about $38,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 13,791 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $22,127,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 242,112 shares of company stock valued at $169,954,456 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NFLX. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Benchmark reiterated a “sell” rating and issued a $545.00 target price on shares of Netflix in a research note on Tuesday, October 15th. Jefferies Financial Group boosted their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Pivotal Research upped their price target on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Needham & Company LLC lifted their price objective on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $748.15.

Netflix Stock Down 0.0 %

NASDAQ:NFLX opened at $780.15 on Thursday. Netflix, Inc. has a 1-year low of $433.68 and a 1-year high of $781.49. The company has a market capitalization of $333.48 billion, a PE ratio of 44.15, a P/E/G ratio of 1.46 and a beta of 1.25. The firm’s 50-day moving average price is $717.59 and its 200-day moving average price is $667.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

About Netflix

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.