Virtue Capital Management LLC Reduces Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Virtue Capital Management LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 822 shares of the Internet television network’s stock after selling 16 shares during the quarter. Virtue Capital Management LLC’s holdings in Netflix were worth $583,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Denver PWM LLC bought a new stake in Netflix in the second quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at approximately $25,000. Proffitt & Goodson Inc. raised its holdings in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its holdings in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders sold 165,405 shares of company stock valued at $129,623,487 over the last quarter. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Up 2.5 %

NFLX stock opened at $936.56 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52 week low of $459.20 and a 52 week high of $941.75. The stock has a market capitalization of $400.34 billion, a PE ratio of 53.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. The firm has a 50 day moving average of $801.16 and a 200 day moving average of $714.44.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Sell-side analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. TD Cowen increased their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. KeyCorp raised their price target on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. The Goldman Sachs Group set a $750.00 price objective on shares of Netflix in a report on Friday, October 18th. Jefferies Financial Group upped their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Barclays restated an “underweight” rating and set a $550.00 price target on shares of Netflix 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 given a buy rating to the company. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $787.85.

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.