Veracity Capital LLC Buys 39 Shares of Netflix, Inc. (NASDAQ:NFLX)

Veracity Capital LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 574 shares of the Internet television network’s stock after acquiring an additional 39 shares during the period. Veracity Capital LLC’s holdings in Netflix were worth $407,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Verde Capital Management increased its stake in Netflix by 4.1% in the 3rd quarter. Verde Capital Management now owns 5,659 shares of the Internet television network’s stock valued at $4,014,000 after buying an additional 223 shares during the last quarter. Warren Street Wealth Advisors LLC grew its holdings in shares of Netflix by 4.4% in the third quarter. Warren Street Wealth Advisors LLC now owns 790 shares of the Internet television network’s stock valued at $560,000 after acquiring an additional 33 shares in the last quarter. Whitaker Myers Wealth Managers LTD. increased its position in shares of Netflix by 56.7% during the third quarter. Whitaker Myers Wealth Managers LTD. now owns 564 shares of the Internet television network’s stock valued at $400,000 after acquiring an additional 204 shares during the last quarter. AA Financial Advisors LLC increased its position in shares of Netflix by 140.2% during the third quarter. AA Financial Advisors LLC now owns 1,016 shares of the Internet television network’s stock valued at $721,000 after acquiring an additional 593 shares during the last quarter. Finally, Seamount Financial Group Inc. bought a new stake in Netflix during the third quarter worth $220,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of Netflix stock opened at $763.89 on Friday. The firm has a market capitalization of $329.24 billion, a PE ratio of 53.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 12 month low of $392.26 and a 12 month high of $766.28. The business’s 50-day moving average price is $696.38 and its 200-day moving average price is $654.94.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same period last year, the business earned $3.29 earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. Sell-side analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Analyst Ratings Changes

NFLX has been the subject of several research analyst reports. The Goldman Sachs Group set a $750.00 target price on Netflix in a research report on Friday. Needham & Company LLC raised their price objective on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday. Redburn Atlantic boosted their target price on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Pivotal Research raised their price target on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Barclays reiterated an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $747.70.

Insider Activity at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the sale, the director now directly owns 35,262 shares of the company’s stock, valued at $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Netflix news, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the sale, the chairman now owns 57 shares of the company’s stock, valued at $35,991.51. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the completion of the transaction, the director now owns 35,262 shares in the company, valued at $25,741,260. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 225,167 shares of company stock valued at $150,492,460. Insiders own 1.76% of the company’s stock.

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.