Veracity Capital LLC Sells 17 Shares of Netflix, Inc. (NASDAQ:NFLX)

Veracity Capital LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 557 shares of the Internet television network’s stock after selling 17 shares during the quarter. Veracity Capital LLC’s holdings in Netflix were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Donoghue Forlines LLC increased its position in shares of Netflix by 6.5% in the fourth quarter. Donoghue Forlines LLC now owns 2,279 shares of the Internet television network’s stock valued at $2,031,000 after acquiring an additional 139 shares during the period. Goldstein Advisors LLC grew its stake in shares of Netflix by 20.0% in the fourth quarter. Goldstein Advisors LLC now owns 511 shares of the Internet television network’s stock worth $455,000 after purchasing an additional 85 shares during the last quarter. Burr Financial Services LLC purchased a new position in Netflix during the 4th quarter valued at about $2,598,000. MinichMacGregor Wealth Management LLC raised its position in Netflix by 22.1% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 375 shares of the Internet television network’s stock valued at $334,000 after purchasing an additional 68 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in Netflix by 10.9% in the 4th quarter. Raleigh Capital Management Inc. now owns 815 shares of the Internet television network’s stock worth $727,000 after buying an additional 80 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was 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 directly owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,500 shares of company stock valued at $123,309,210 in the last ninety days. 1.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. Bank of America boosted their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday. KeyCorp boosted their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and raised their price objective for the stock from $940.00 to $1,150.00 in a report on Wednesday. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $996.94.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $984.86 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The firm has a market cap of $420.99 billion, a price-to-earnings ratio of 49.67, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The business has a 50-day simple moving average of $889.11 and a two-hundred day simple moving average of $763.41. Netflix, Inc. has a fifty-two week low of $537.07 and a fifty-two week high of $999.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same period in the previous year, the company earned $2.11 earnings per share. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts expect that Netflix, Inc. will post 23.72 earnings per share for the current year.

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.