nVerses Capital LLC Acquires New Holdings in Netflix, Inc. (NASDAQ:NFLX)

nVerses Capital LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,400 shares of the Internet television network’s stock, valued at approximately $993,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of NFLX. Scarborough Advisors LLC acquired a new position in Netflix in the fourth quarter valued at approximately $32,000. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Netflix by 5.6% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 599 shares of the Internet television network’s stock worth $364,000 after purchasing an additional 32 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Netflix by 7.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,191 shares of the Internet television network’s stock valued at $723,000 after buying an additional 86 shares during the last quarter. Perpetual Ltd grew its position in Netflix by 216.8% in the 1st quarter. Perpetual Ltd now owns 3,054 shares of the Internet television network’s stock valued at $1,855,000 after buying an additional 2,090 shares during the last quarter. Finally, Signal Advisors Wealth LLC purchased a new position in Netflix in the 1st quarter valued at $536,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI lifted their price objective on shares of Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $750.00 price objective on shares of Netflix in a research report on Tuesday, October 8th. KeyCorp lifted their price objective on shares of Netflix from $735.00 to $760.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, Macquarie lifted their price objective on shares of Netflix from $695.00 to $795.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $704.26.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $10.41 on Thursday, hitting $691.59. The company’s stock had a trading volume of 2,033,927 shares, compared to its average volume of 3,628,192. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $736.00. The company has a market capitalization of $298.08 billion, a price-to-earnings ratio of 48.07, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The stock’s 50-day moving average is $692.63 and its two-hundred day moving average is $653.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the prior year, the business posted $3.29 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities research analysts forecast that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,043,019.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 225,167 shares of company stock valued at $150,492,460 over the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

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.