Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Trimmed by Davidson Capital Management Inc.

Davidson Capital Management Inc. reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 31.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,451 shares of the Internet television network's stock after selling 1,599 shares during the period. Netflix accounts for about 0.9% of Davidson Capital Management Inc.'s holdings, making the stock its 17th biggest position. Davidson Capital Management Inc.'s holdings in Netflix were worth $3,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in Netflix by 2.5% during the first quarter. State of Alaska Department of Revenue now owns 53,222 shares of the Internet television network's stock worth $49,630,000 after acquiring an additional 1,310 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in shares of Netflix by 19.7% during the 1st quarter. CWA Asset Management Group LLC now owns 2,932 shares of the Internet television network's stock worth $2,734,000 after purchasing an additional 483 shares during the period. LifeWealth Investments LLC boosted its holdings in shares of Netflix by 103.8% during the first quarter. LifeWealth Investments LLC now owns 972 shares of the Internet television network's stock worth $906,000 after purchasing an additional 495 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of Netflix by 14.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 5,006 shares of the Internet television network's stock worth $4,666,000 after purchasing an additional 615 shares during the last quarter. Finally, S. R. Schill & Associates purchased a new stake in shares of Netflix in the first quarter valued at $270,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In related news, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the sale, the director now owns 63,040 shares of the company's stock, valued at $78,948,144. This trade represents a 33.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the sale, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock valued at $210,271,552 over the last quarter. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on NFLX shares. Morgan Stanley raised their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Guggenheim reissued a "buy" rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Moffett Nathanson reiterated a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, Barclays upped their price target on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,156.73.

Netflix Stock Up 0.1%

NASDAQ NFLX traded up $1.62 on Thursday, hitting $1,222.29. 2,277,207 shares of the stock traded hands, compared to its average volume of 3,745,034. The company has a market capitalization of $520.17 billion, a P/E ratio of 57.76, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. The stock has a 50-day moving average of $1,138.51 and a 200 day moving average of $1,006.33. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the prior year, the company earned $8.28 earnings per share. As a group, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.