Dixon Mitchell Investment Counsel Inc. Sells 19,016 Shares of Netflix, Inc. (NASDAQ:NFLX)

Dixon Mitchell Investment Counsel Inc. lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 45.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,750 shares of the Internet television network’s stock after selling 19,016 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in Netflix were worth $20,278,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Advisory Resource Group lifted its position in Netflix by 0.7% in the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after buying an additional 12 shares during the last quarter. Insight Wealth Strategies LLC increased its position in Netflix by 1.9% during the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock valued at $585,000 after purchasing an additional 12 shares during the period. Sunflower Bank N.A. lifted its holdings in Netflix by 2.1% during the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock worth $513,000 after buying an additional 12 shares during the period. New World Advisors LLC grew its stake in Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares during the last quarter. Finally, Heartland Bank & Trust Co lifted its position in Netflix by 0.9% during the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after acquiring an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Evercore ISI upped their target price on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Needham & Company LLC boosted their price target on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Guggenheim increased their price objective on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $845.82.

Netflix Stock Performance

NASDAQ NFLX opened at $860.00 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $367.62 billion, a PE ratio of 48.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The business’s 50-day moving average price is $881.04 and its 200 day moving average price is $755.96. Netflix, Inc. has a twelve month low of $475.26 and a twelve month high of $941.75.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. On average, research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock valued at $131,030,268 over the last quarter. Company 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.