DGS Capital Management LLC Boosts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

DGS Capital Management LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,004 shares of the Internet television network’s stock after buying an additional 73 shares during the quarter. DGS Capital Management LLC’s holdings in Netflix were worth $1,786,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NFLX. Daymark Wealth Partners LLC lifted its stake in Netflix by 16.0% in the 2nd quarter. Daymark Wealth Partners LLC now owns 2,156 shares of the Internet television network’s stock worth $1,455,000 after purchasing an additional 298 shares in the last quarter. MBB Public Markets I LLC lifted its position in Netflix by 4,627.3% during the second quarter. MBB Public Markets I LLC now owns 30,822 shares of the Internet television network’s stock worth $20,801,000 after buying an additional 30,170 shares in the last quarter. Matrix Private Capital Group LLC acquired a new position in Netflix during the second quarter worth $221,000. The Manufacturers Life Insurance Company increased its stake in shares of Netflix by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 319,012 shares of the Internet television network’s stock worth $215,295,000 after acquiring an additional 9,294 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Netflix by 17.6% during the 2nd quarter. Mackenzie Financial Corp now owns 233,692 shares of the Internet television network’s stock worth $157,714,000 after acquiring an additional 34,962 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NFLX. Oppenheimer raised their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Needham & Company LLC raised their price target on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $715.00 to $900.00 in a report on Wednesday. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective on the stock in a report on Thursday. Finally, Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,009.29.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total transaction of $334,319.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,117 shares of company stock worth $123,913,691. 1.76% of the stock is currently owned by insiders.

Netflix Stock Performance

NASDAQ:NFLX opened at $977.59 on Friday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The firm has a market capitalization of $417.88 billion, a PE ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The business’s fifty day moving average price is $892.06 and its 200 day moving average price is $764.95.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.11 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Netflix Company 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.