Netflix, Inc. (NASDAQ:NFLX) is Mcdonald Capital Investors Inc. CA’s 3rd Largest Position

Mcdonald Capital Investors Inc. CA cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 20.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 169,952 shares of the Internet television network’s stock after selling 43,733 shares during the period. Netflix makes up approximately 9.5% of Mcdonald Capital Investors Inc. CA’s holdings, making the stock its 3rd largest holding. Mcdonald Capital Investors Inc. CA’s holdings in Netflix were worth $151,482,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in NFLX. Independent Advisor Alliance grew its position in shares of Netflix by 10.3% in the fourth quarter. Independent Advisor Alliance now owns 24,450 shares of the Internet television network’s stock valued at $21,793,000 after purchasing an additional 2,284 shares during the last quarter. Paragon Private Wealth Management LLC grew its position in shares of Netflix by 16.5% in the fourth quarter. Paragon Private Wealth Management LLC now owns 1,118 shares of the Internet television network’s stock valued at $996,000 after purchasing an additional 158 shares during the last quarter. Keb Asset Management LLC acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $203,000. Daiwa Securities Group Inc. grew its position in shares of Netflix by 9.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 412,200 shares of the Internet television network’s stock valued at $367,402,000 after purchasing an additional 34,196 shares during the last quarter. Finally, Moran Wealth Management LLC grew its position in shares of Netflix by 6.9% in the fourth quarter. Moran Wealth Management LLC now owns 2,851 shares of the Internet television network’s stock valued at $2,541,000 after purchasing an additional 185 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

Netflix stock opened at $891.11 on Monday. The company has a market capitalization of $381.18 billion, a price-to-earnings ratio of 44.94, a price-to-earnings-growth 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, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The firm’s fifty day moving average price is $950.26 and its 200 day moving average price is $842.54.

Netflix (NASDAQ:NFLX) last announced 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. The company had revenue of $10.25 billion during 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 firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $2.11 EPS. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NFLX shares. Argus raised their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a research report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Activity

In other news, Chairman Reed Hastings sold 35,868 shares of Netflix stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the transaction, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at $3,624,746.55. The trade was a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 288,103 shares of company stock valued at $279,142,041. Company 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.