Verus Capital Partners LLC Raises Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Verus Capital Partners LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 8.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,628 shares of the Internet television network’s stock after purchasing an additional 123 shares during the period. Verus Capital Partners LLC’s holdings in Netflix were worth $1,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its holdings in shares of Netflix by 15.3% in the first quarter. Avantax Advisory Services Inc. now owns 6,508 shares of the Internet television network’s stock valued at $3,952,000 after acquiring an additional 865 shares in the last quarter. Sheets Smith Wealth Management lifted its position in shares of Netflix by 18.9% in the 1st quarter. Sheets Smith Wealth Management now owns 798 shares of the Internet television network’s stock worth $485,000 after purchasing an additional 127 shares during the period. Cozad Asset Management Inc. boosted its stake in shares of Netflix by 6.7% during the first quarter. Cozad Asset Management Inc. now owns 681 shares of the Internet television network’s stock valued at $414,000 after purchasing an additional 43 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Netflix by 5.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 165,959 shares of the Internet television network’s stock valued at $100,792,000 after buying an additional 8,446 shares during the period. Finally, Koshinski Asset Management Inc. bought a new position in Netflix in the first quarter worth approximately $1,304,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NFLX shares. Oppenheimer lifted their price target on Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Rosenblatt Securities boosted their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Citigroup increased their price target on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. 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, October 17th. Finally, Needham & Company LLC raised their target price on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Netflix Stock Performance

NFLX opened at $805.44 on Tuesday. The stock has a market cap of $344.29 billion, a P/E ratio of 45.58, a P/E/G ratio of 1.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a fifty day moving average price of $723.63 and a 200 day moving average price of $673.70. Netflix, Inc. has a 1 year low of $442.60 and a 1 year high of $806.82.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Equities research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,644 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,163,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Gregory K. Peters sold 4,644 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $3,250,800.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total value of $334,319.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 204,437 shares of company stock worth $146,229,378. 1.76% of the stock is owned by corporate insiders.

Netflix 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.