Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Verus Capital Partners LLC

Verus Capital Partners LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,671 shares of the Internet television network’s stock after buying an additional 43 shares during the quarter. Verus Capital Partners LLC’s holdings in Netflix were worth $1,489,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB lifted its position in Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares during the last quarter. Swedbank AB increased its stake in shares of Netflix by 1.8% in the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after purchasing an additional 8,024 shares during the period. Oak Harvest Investment Services raised its holdings in shares of Netflix by 1.9% during the third quarter. Oak Harvest Investment Services now owns 4,492 shares of the Internet television network’s stock valued at $3,186,000 after buying an additional 84 shares during the last quarter. Cornerstone Wealth Group LLC boosted its position in shares of Netflix by 17.4% during the third quarter. Cornerstone Wealth Group LLC now owns 1,492 shares of the Internet television network’s stock worth $1,058,000 after buying an additional 221 shares during the period. Finally, Financial Advocates Investment Management grew its holdings in Netflix by 1.8% in the 3rd quarter. Financial Advocates Investment Management now owns 4,021 shares of the Internet television network’s stock worth $2,852,000 after buying an additional 72 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Arete Research raised Netflix to a “hold” rating in a research note on Thursday, January 23rd. Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Macquarie increased their target price on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Finally, Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 303,380 shares of company stock valued at $290,016,164. 1.76% of the stock is owned by insiders.

Netflix Trading Down 2.7 %

NASDAQ:NFLX opened at $963.07 on Friday. The stock has a market cap of $411.96 billion, a PE ratio of 48.57, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s 50-day moving average is $946.29 and its two-hundred day moving average is $828.40.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.