Davidson Investment Advisors Has $34.44 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Davidson Investment Advisors increased its position in Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,635 shares of the Internet television network’s stock after buying an additional 615 shares during the period. Netflix accounts for approximately 1.7% of Davidson Investment Advisors’ investment portfolio, making the stock its 11th biggest holding. Davidson Investment Advisors’ holdings in Netflix were worth $34,436,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Enzi Wealth grew its holdings in Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after purchasing an additional 11 shares during the period. TCI Wealth Advisors Inc. grew its holdings in shares of Netflix by 1.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after buying an additional 11 shares during the last quarter. Everett Harris & Co. CA grew its holdings in shares of Netflix by 1.3% during the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock valued at $775,000 after buying an additional 11 shares during the last quarter. Blossom Wealth Management grew its holdings in shares of Netflix by 0.9% during the fourth quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock valued at $1,112,000 after buying an additional 11 shares during the last quarter. Finally, Beacon Financial Advisory LLC grew its holdings in shares of Netflix by 0.9% during the fourth quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network’s stock valued at $1,145,000 after buying an additional 11 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Insiders have sold a total of 303,809 shares of company stock worth $290,374,484 in the last ninety days. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,058.60 on Tuesday. The firm has a 50-day simple moving average of $929.40 and a 200-day simple moving average of $806.53. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The stock has a market capitalization of $452.83 billion, a price-to-earnings ratio of 53.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for 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 quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.11 EPS. On average, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NFLX shares. Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and raised their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Morgan Stanley lifted their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Loop Capital lifted their price objective on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

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.