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

Verde Capital Management lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,877 shares of the Internet television network’s stock after selling 782 shares during the quarter. Netflix comprises approximately 1.2% of Verde Capital Management’s investment portfolio, 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.

A number of other institutional investors also recently bought and sold shares of NFLX. Advisory Resource Group raised its position in Netflix by 0.7% during the 3rd 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 raised its holdings in shares of Netflix by 1.9% during the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after purchasing an additional 12 shares during the last quarter. Sunflower Bank N.A. lifted its position in Netflix by 2.1% during the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after purchasing an additional 12 shares during the period. D.B. Root & Company LLC boosted its holdings in Netflix by 4.1% in the fourth quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock valued at $295,000 after purchasing an additional 13 shares during the last quarter. Finally, New World Advisors LLC grew its position in Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after purchasing an additional 14 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the company’s 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 sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 41,601 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at $64,435.10. This represents a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,500 shares of company stock worth $123,309,210 over the last ninety days. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America upped their target price on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research note on Thursday. Guggenheim lifted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Macquarie increased their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note 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. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $996.94.

Netflix Stock Performance

NASDAQ NFLX opened at $984.86 on Friday. The stock has a fifty day simple moving average of $889.11 and a 200-day simple moving average of $763.41. 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 stock has a market cap of $420.99 billion, a PE ratio of 49.67, a P/E/G ratio of 1.41 and a beta of 1.27. Netflix, Inc. has a twelve month low of $537.07 and a twelve month high of $999.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 39.48%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the business earned $2.11 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 23.43 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.