Donaldson Capital Management LLC Purchases 332 Shares of Netflix, Inc. (NASDAQ:NFLX)

Donaldson Capital Management LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 8.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,274 shares of the Internet television network’s stock after purchasing an additional 332 shares during the quarter. Donaldson Capital Management LLC’s holdings in Netflix were worth $3,031,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. GQG Partners LLC acquired a new position in Netflix during the first quarter worth $1,450,476,000. Assenagon Asset Management S.A. raised its holdings in Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after buying an additional 642,920 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Netflix in the first quarter valued at $372,293,000. Finally, Swedbank AB bought a new stake in shares of Netflix during the first quarter worth about $216,538,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

NASDAQ:NFLX opened at $756.10 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $323.20 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a 52-week low of $417.10 and a 52-week high of $773.00. The business’s fifty day moving average is $712.96 and its 200 day moving average is $664.70.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NFLX. Redburn Atlantic lifted their price target on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Loop Capital lifted their target price on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Oppenheimer upped their price target on Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. UBS Group raised their price objective on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Wedbush upped their target price on shares of Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,043,019.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,043,019.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,810 shares of company stock valued at $142,049,542. 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.