Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Verde Capital Management

Verde Capital Management trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,877 shares of the Internet television network’s stock after selling 782 shares during the period. Netflix accounts for about 1.2% of Verde Capital Management’s holdings, making the stock its 15th largest holding. Verde Capital Management’s holdings in Netflix were worth $4,347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in Netflix in the fourth quarter valued at $43,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix during the third quarter worth about $37,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Netflix during the third quarter worth about $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company upped their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Sanford C. Bernstein lifted their price objective on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Loop Capital increased their target price on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Pivotal Research boosted their price target on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $996.94.

Netflix Stock Performance

NASDAQ NFLX opened at $984.86 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a fifty-two week low of $537.07 and a fifty-two week high of $999.00. The business has a fifty day moving average of $889.11 and a 200-day moving average of $763.41. The stock has a market cap of $420.99 billion, a price-to-earnings ratio of 49.67, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results 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 39.48%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter in the previous year, the company posted $2.11 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, analysts predict that Netflix, Inc. will post 23.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 41,601 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the sale, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $64,435.10. This trade represents a 99.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,500 shares of company stock worth $123,309,210. 1.76% of the stock is owned by insiders.

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.