Verde Capital Management Sells 350 Shares of Netflix, Inc. (NASDAQ:NFLX)

Verde Capital Management decreased its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,135 shares of the Internet television network’s stock after selling 350 shares during the quarter. Netflix makes up 1.1% of Verde Capital Management’s portfolio, making the stock its 15th biggest holding. Verde Capital Management’s holdings in Netflix were worth $2,987,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Netflix by 13.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 197 shares of the Internet television network’s stock valued at $87,000 after acquiring an additional 24 shares in the last quarter. Tiemann Investment Advisors LLC increased its holdings in shares of Netflix by 2.0% during the second quarter. Tiemann Investment Advisors LLC now owns 1,252 shares of the Internet television network’s stock valued at $551,000 after acquiring an additional 25 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its position in shares of Netflix by 0.3% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 9,821 shares of the Internet television network’s stock valued at $4,326,000 after purchasing an additional 25 shares during the last quarter. Key Financial Inc raised its position in shares of Netflix by 14.4% in the 3rd quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock valued at $75,000 after purchasing an additional 25 shares during the last quarter. Finally, Lee Financial Co boosted its stake in Netflix by 18.2% in the 3rd quarter. Lee Financial Co now owns 162 shares of the Internet television network’s stock worth $61,000 after purchasing an additional 25 shares in the last quarter. 79.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NFLX. TD Cowen boosted their price target on Netflix from $565.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. BMO Capital Markets upped their price objective on shares of Netflix from $566.00 to $638.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. boosted their target price on shares of Netflix from $510.00 to $610.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. DZ Bank raised shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a report on Thursday, January 25th. Finally, Wedbush increased their target price on Netflix from $525.00 to $615.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $576.67.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 25,998 shares of Netflix stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $470.51, for a total transaction of $12,232,318.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider David A. Hyman sold 47,574 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $17,003,651.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 25,998 shares of Netflix stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $470.51, for a total transaction of $12,232,318.98. The disclosure for this sale can be found here. Insiders have sold 273,767 shares of company stock worth $151,298,232 over the last three months. Insiders own 2.45% of the company’s stock.

Netflix Stock Up 0.9 %

NFLX traded up $5.30 on Friday, hitting $628.01. 2,134,136 shares of the company were exchanged, compared to its average volume of 4,680,315. The firm has a 50-day moving average price of $570.76 and a two-hundred day moving average price of $482.38. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The company has a market cap of $271.78 billion, a price-to-earnings ratio of 52.29, a price-to-earnings-growth ratio of 1.70 and a beta of 1.22. Netflix, Inc. has a twelve month low of $304.14 and a twelve month high of $634.36.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $8.83 billion for the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. Netflix’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 17.01 earnings per share for the current year.

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.