Versant Capital Management Inc Buys 29 Shares of Netflix, Inc. (NASDAQ:NFLX)

Versant Capital Management Inc increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 13.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247 shares of the Internet television network’s stock after purchasing an additional 29 shares during the period. Versant Capital Management Inc’s holdings in Netflix were worth $150,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Johnson Investment Counsel Inc. grew its holdings in shares of Netflix by 37.2% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 2,889 shares of the Internet television network’s stock valued at $1,091,000 after buying an additional 783 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Netflix in the 3rd quarter valued at $17,900,000. Envestnet Asset Management Inc. grew its holdings in shares of Netflix by 28.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 741,994 shares of the Internet television network’s stock valued at $280,177,000 after buying an additional 166,327 shares during the period. Nordea Investment Management AB grew its holdings in shares of Netflix by 30.7% in the 3rd quarter. Nordea Investment Management AB now owns 310,346 shares of the Internet television network’s stock valued at $117,041,000 after buying an additional 72,879 shares during the period. Finally, TRUE Private Wealth Advisors grew its holdings in shares of Netflix by 5.4% in the 3rd quarter. TRUE Private Wealth Advisors now owns 815 shares of the Internet television network’s stock valued at $308,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.81, for a total transaction of $758,889.18. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,772,972.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.81, for a total transaction of $758,889.18. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,772,972.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $15,443.12. The disclosure for this sale can be found here. Insiders sold a total of 69,425 shares of company stock valued at $41,919,791 in the last quarter. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a report on Monday, April 15th. Benchmark upped their target price on shares of Netflix from $440.00 to $450.00 and gave the stock a “sell” rating in a research note on Friday, May 17th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Evercore ISI upped their target price on shares of Netflix from $650.00 to $700.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. Finally, KeyCorp upped their target price on shares of Netflix from $705.00 to $707.00 and gave the stock an “overweight” rating in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $633.53.

Netflix Stock Performance

Netflix stock traded up $9.84 during trading hours on Tuesday, hitting $685.67. The company had a trading volume of 2,855,938 shares, compared to its average volume of 4,036,784. The firm has a market cap of $295.52 billion, a PE ratio of 47.58, a PEG ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. Netflix, Inc. has a one year low of $344.73 and a one year high of $687.06. The firm has a 50-day moving average of $617.83 and a 200 day moving average of $572.64.

Netflix (NASDAQ:NFLX) last announced its 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. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.88 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 18.31 earnings per share for the current 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.