Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 29.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 119,970 shares of the Internet television network's stock after selling 49,982 shares during the period. Netflix makes up about 7.1% of Mcdonald Capital Investors Inc. CA's holdings, making the stock its 5th largest holding. Mcdonald Capital Investors Inc. CA's holdings in Netflix were worth $111,876,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the period. Norges Bank bought a new position in Netflix during the 4th quarter valued at approximately $5,019,087,000. Arrowstreet Capital Limited Partnership lifted its position in Netflix by 59.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after acquiring an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Netflix by 318.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after acquiring an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Netflix by 14.3% during the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after buying an additional 570,674 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other news, Director Reed Hastings sold 26,977 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the sale, the director owned 394 shares in the company, valued at $446,421.70. This trade represents a 98.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the sale, the director owned 7,969 shares of the company's stock, valued at $8,959,227.94. This represents a 32.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,723 shares of company stock valued at $223,307,201. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

Netflix stock traded down $5.48 during midday trading on Friday, reaching $1,245.11. The company had a trading volume of 3,948,915 shares, compared to its average volume of 3,768,095. The company has a market capitalization of $529.88 billion, a P/E ratio of 58.84, a P/E/G ratio of 2.26 and a beta of 1.59. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The firm's fifty day simple moving average is $1,221.70 and its 200-day simple moving average is $1,049.04. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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 business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the company posted $8.28 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Loop Capital restated a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Robert W. Baird increased their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Pivotal Research reissued a "buy" rating on shares of Netflix in a research note on Thursday. Citigroup reaffirmed a "neutral" rating and set a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Finally, Wedbush reissued an "outperform" rating and set a $1,200.00 price objective on shares of Netflix in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,214.52.

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.