Netflix, Inc. (NASDAQ:NFLX) Position Boosted by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,490 shares of the Internet television network’s stock after acquiring an additional 244 shares during the period. Verdence Capital Advisors LLC’s holdings in Netflix were worth $725,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fairfield Bush & CO. increased its stake in Netflix by 26.5% during the 1st quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock valued at $916,000 after buying an additional 512 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Netflix by 21.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock worth $179,820,000 after purchasing an additional 84,179 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Netflix by 14.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock valued at $1,094,000 after purchasing an additional 363 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Netflix by 6.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock valued at $13,610,000 after purchasing an additional 2,358 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Netflix by 13.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock worth $1,426,000 after buying an additional 441 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 47,574 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Netflix news, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 13,655 shares of Netflix stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The disclosure for this sale can be found here. In the last quarter, insiders have sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is currently owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $555.04 on Monday. The stock has a market capitalization of $239.17 billion, a P/E ratio of 38.52, a P/E/G ratio of 1.49 and a beta of 1.22. The business has a 50-day moving average of $605.65 and a two-hundred day moving average of $514.99. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLXGet Free Report) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.88 EPS. On average, equities research analysts predict that Netflix, Inc. will post 17.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on NFLX shares. Pivotal Research raised their target price on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research note on Friday. KeyCorp boosted their target price on shares of Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Seaport Res Ptn cut Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Finally, Needham & Company LLC raised Netflix from a “hold” rating to a “buy” rating and set a $700.00 target price for the company in a report on Friday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

Read Our Latest Report on NFLX

About Netflix

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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