Dorsey & Whitney Trust CO LLC Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 32.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,228 shares of the Internet television network’s stock after purchasing an additional 302 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Netflix were worth $739,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Andrew Hill Investment Advisors Inc. bought a new stake in Netflix in the 4th quarter worth approximately $30,000. Field & Main Bank purchased a new stake in Netflix in the fourth quarter worth $30,000. Paragon Capital Management Ltd purchased a new stake in shares of Netflix in the fourth quarter worth $31,000. Accel Wealth Management boosted its position in shares of Netflix by 85.7% during the fourth quarter. Accel Wealth Management now owns 65 shares of the Internet television network’s stock valued at $39,000 after buying an additional 30 shares during the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of Netflix during the fourth quarter valued at $39,000. 81.37% of the stock is owned by institutional investors.

Shares of NASDAQ NFLX traded down $9.16 during mid-day trading on Friday, reaching $190.36. 16,391,889 shares of the company traded hands, compared to its average volume of 18,485,622. Netflix, Inc. has a fifty-two week low of $185.60 and a fifty-two week high of $700.99. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $84.57 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.98 and a beta of 0.97. The stock has a fifty day simple moving average of $340.53 and a 200-day simple moving average of $489.97.

Netflix (NASDAQ:NFLX – Get Rating) last posted its quarterly earnings results on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.63. The firm had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.94 billion. Netflix had a net margin of 16.47% and a return on equity of 32.01%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.75 earnings per share. As a group, analysts predict that Netflix, Inc. will post 10.88 EPS for the current fiscal year.

Several research analysts have recently commented on NFLX shares. Evercore ISI decreased their price objective on Netflix from $525.00 to $300.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 20th. KGI Securities cut Netflix from an “outperform” rating to a “neutral” rating and set a $350.00 price target for the company. in a report on Wednesday, April 20th. TheStreet cut Netflix from a “b” rating to a “c+” rating in a report on Thursday, January 20th. Wells Fargo & Company downgraded Netflix from an “overweight” rating to an “equal weight” rating and set a $300.00 price objective on the stock. in a research report on Wednesday, April 20th. Finally, Citigroup lowered their target price on Netflix from $450.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, April 21st. Three analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $386.31.

Netflix Profile (Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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