Verdence Capital Advisors LLC Purchases 244 Shares of Netflix, Inc. (NASDAQ:NFLX)

Verdence Capital Advisors LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 19.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,490 shares of the Internet television network’s stock after acquiring an additional 244 shares during the period. Verdence Capital Advisors LLC’s holdings in Netflix were worth $725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new position in Netflix during the 3rd quarter valued at about $25,000. Spartan Planning & Wealth Management acquired a new position in shares of Netflix during the third quarter valued at about $26,000. Carmel Capital Partners LLC raised its position in shares of Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares in the last quarter. Finally, Evermay Wealth Management LLC grew its position in Netflix by 94.9% during the 1st quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock worth $40,000 after purchasing an additional 56 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. TD Cowen boosted their price target on Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Sanford C. Bernstein increased their price objective on Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a report on Friday. Bank of America increased their price target on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday. Finally, Benchmark restated a “sell” rating and set a $440.00 price objective on shares of Netflix in a research note on Thursday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $630.58.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 47,574 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 47,574 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock valued at $151,619,811 over the last three months. 2.45% of the stock is owned by corporate insiders.

Netflix Price Performance

Netflix stock opened at $555.04 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $605.65 and a 200-day simple moving average of $514.99. The stock has a market cap of $239.17 billion, a P/E ratio of 38.52, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the previous year, the business earned $2.88 EPS. Netflix’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities analysts expect that Netflix, Inc. will post 17.13 EPS 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.