Versant Capital Management Inc Has $1.04 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Versant Capital Management Inc increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 68.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,116 shares of the Internet television network’s stock after buying an additional 452 shares during the period. Versant Capital Management Inc’s holdings in Netflix were worth $1,041,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. West Michigan Advisors LLC increased its holdings in Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after purchasing an additional 10 shares during the period. Warwick Investment Management Inc. grew its position in shares of Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after buying an additional 10 shares during the last quarter. MRP Capital Investments LLC increased its stake in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock valued at $938,000 after buying an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC raised its position in shares of Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock worth $412,000 after acquiring an additional 10 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. lifted its stake in shares of Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock worth $3,410,000 after acquiring an additional 10 shares during the period. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, insider Cletus R. Willems sold 298 shares of Netflix stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,348 shares of company stock valued at $139,087,908. Insiders own 1.37% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,184.86 on Friday. The company has a fifty day moving average price of $1,055.18 and a 200-day moving average price of $971.66. The firm has a market cap of $504.24 billion, a price-to-earnings ratio of 59.75, a PEG ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,215.91.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the firm posted $8.28 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NFLX shares. Wells Fargo & Company increased their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Pivotal Research increased their price objective on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. FBN Securities began coverage on shares of Netflix in a report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 target price on the stock. KeyCorp upped their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Finally, Morgan Stanley lifted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,112.79.

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.