DGS Capital Management LLC Buys 95 Shares of Netflix, Inc. (NASDAQ:NFLX)

DGS Capital Management LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 5.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,931 shares of the Internet television network’s stock after purchasing an additional 95 shares during the period. DGS Capital Management LLC’s holdings in Netflix were worth $1,370,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Oddo BHF Asset Management Sas purchased a new position in Netflix during the 3rd quarter valued at about $21,594,000. American Trust bought a new position in shares of Netflix during the third quarter valued at approximately $323,000. Old North State Trust LLC increased its holdings in Netflix by 3.2% during the third quarter. Old North State Trust LLC now owns 699 shares of the Internet television network’s stock valued at $496,000 after buying an additional 22 shares during the period. Franklin Resources Inc. raised its stake in Netflix by 11.5% in the third quarter. Franklin Resources Inc. now owns 1,236,539 shares of the Internet television network’s stock worth $881,652,000 after buying an additional 127,541 shares in the last quarter. Finally, Synovus Financial Corp raised its position in shares of Netflix by 43.9% in the 3rd quarter. Synovus Financial Corp now owns 12,667 shares of the Internet television network’s stock worth $8,984,000 after acquiring an additional 3,864 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NFLX stock traded down $4.48 during mid-day trading on Friday, reaching $921.07. 388,417 shares of the company’s stock were exchanged, compared to its average volume of 3,614,669. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 12-month low of $461.86 and a 12-month high of $941.75. The stock’s 50 day moving average is $810.04 and its 200 day moving average is $717.45. The company has a market cap of $393.72 billion, a price-to-earnings ratio of 52.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. On average, research analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on NFLX. Macquarie reiterated an “outperform” rating and issued a $795.00 target price on shares of Netflix in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $850.00 to $1,010.00 and gave the stock an “overweight” rating in a report on Wednesday. Loop Capital raised their price objective on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Bank of America boosted their target price on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Pivotal Research increased their price target on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $787.85.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction on 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 sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The disclosure for this sale can be found here. In the last three months, insiders sold 165,405 shares of company stock worth $129,623,487. Corporate insiders own 1.76% of the company’s stock.

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.