D.A. Davidson & CO. Has $22.44 Million Stock Holdings in Netflix, Inc. $NFLX

D.A. Davidson & CO. lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 16,759 shares of the Internet television network’s stock after buying an additional 447 shares during the quarter. D.A. Davidson & CO.’s holdings in Netflix were worth $22,442,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Stephens Consulting LLC lifted its stake in shares of Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after buying an additional 15 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in Netflix in the 1st quarter worth about $37,000. Maseco LLP acquired a new stake in Netflix in the 2nd quarter worth about $39,000. LGT Financial Advisors LLC acquired a new stake in Netflix in the 2nd quarter worth about $40,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix in the 1st quarter worth about $42,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on NFLX shares. Barclays reiterated a “sell” rating and issued a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Cowen reiterated a “buy” rating on shares of Netflix in a research note on Tuesday, October 7th. TD Cowen dropped their price objective on shares of Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Finally, KeyCorp lifted their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $1,339.81.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last 90 days. 1.37% of the stock is owned by corporate insiders.

Netflix Price Performance

NFLX stock opened at $1,241.35 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12 month low of $744.26 and a 12 month high of $1,341.15. The firm has a market cap of $527.49 billion, a P/E ratio of 52.89, a P/E/G ratio of 2.08 and a beta of 1.59. The company’s 50-day moving average price is $1,214.20 and its two-hundred day moving average price is $1,182.49.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. During the same period in the prior year, the business earned $5.40 earnings per share. Netflix’s quarterly revenue was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Profile

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.