Netflix, Inc. (NFLX) Position Reduced by Donaldson Capital Management LLC

Donaldson Capital Management LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 41.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 685 shares of the Internet television network’s stock after selling 489 shares during the period. Donaldson Capital Management LLC’s holdings in Netflix were worth $244,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Financial Insights Inc. acquired a new position in Netflix in the 4th quarter worth approximately $261,000. Belpointe Asset Management LLC boosted its stake in Netflix by 44.4% in the 4th quarter. Belpointe Asset Management LLC now owns 2,560 shares of the Internet television network’s stock worth $685,000 after purchasing an additional 787 shares during the period. Norges Bank acquired a new position in Netflix in the 4th quarter worth approximately $1,209,406,000. Actinver Wealth Management Inc. acquired a new position in Netflix in the 4th quarter worth approximately $237,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new position in Netflix in the 4th quarter worth approximately $487,000. 76.09% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:NFLX opened at $366.96 on Tuesday. Netflix, Inc. has a 52-week low of $231.23 and a 52-week high of $423.21. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.98. The stock has a market cap of $155.67 billion, a PE ratio of 136.93, a P/E/G ratio of 2.98 and a beta of 1.36.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue was up 27.4% compared to the same quarter last year. On average, research analysts expect that Netflix, Inc. will post 3.98 earnings per share for the current year.

In other news, Director Anne M. Sweeney sold 342 shares of Netflix stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $360.00, for a total transaction of $123,120.00. Following the sale, the director now directly owns 342 shares in the company, valued at approximately $123,120. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 2,569 shares of Netflix stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $350.00, for a total transaction of $899,150.00. Following the sale, the director now owns 539 shares in the company, valued at $188,650. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 186,950 shares of company stock worth $65,620,477. 4.29% of the stock is owned by company insiders.

A number of brokerages have issued reports on NFLX. Wedbush reissued a “sell” rating and set a $150.00 target price on shares of Netflix in a research note on Monday, January 14th. JPMorgan Chase & Co. cut their price target on shares of Netflix from $425.00 to $425.00 and set an “overweight” rating on the stock in a report on Monday, January 14th. Raymond James upgraded shares of Netflix from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $435.00 to $450.00 in a report on Friday, January 11th. Goldman Sachs Group restated a “conviction-buy” rating and set a $400.00 price target on shares of Netflix in a report on Friday, January 4th. Finally, Nomura restated a “neutral” rating and set a $300.00 price target on shares of Netflix in a report on Monday, January 7th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $376.87.

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Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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