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

Veracity Capital LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & 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 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Denver PWM LLC bought a new stake in shares of Netflix during the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC boosted its position in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares in the last quarter. Indiana Trust & Investment Management CO grew its holdings in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares during the period. Proffitt & Goodson Inc. raised its position in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its stake in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent research reports. Oppenheimer upped their price target on Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday. UBS Group upped their target price on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday. Wedbush boosted their price objective on shares of Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research note on Thursday. Argus upped their price objective on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Finally, KeyCorp lifted their target price on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $747.70.

Insider Activity at Netflix

In other news, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at $25,741,260. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Leslie J. Kilgore sold 383 shares of the 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,043,019.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 225,167 shares of company stock worth $150,492,460. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $763.89 on Friday. Netflix, Inc. has a 12-month low of $392.26 and a 12-month high of $766.28. The firm has a market capitalization of $329.24 billion, a price-to-earnings 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. The firm has a 50 day moving average of $696.38 and a 200 day moving average of $654.94.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (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 firm had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the previous year, the firm posted $3.29 EPS. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, research analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current year.

About Netflix

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.