Versor Investments LP Cuts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Versor Investments LP cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,037 shares of the Internet television network’s stock after selling 75 shares during the period. Versor Investments LP’s holdings in Netflix were worth $2,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. New World Advisors LLC grew its position in Netflix by 2.0% during the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after acquiring an additional 14 shares during the period. Heartland Bank & Trust Co grew its holdings in shares of Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after purchasing an additional 15 shares during the period. Cedrus LLC grew its holdings in shares of Netflix by 0.8% during the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after purchasing an additional 15 shares during the period. Capstone Triton Financial Group LLC increased its position in Netflix by 0.6% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after purchasing an additional 15 shares in the last quarter. Finally, Meritas Wealth Management LLC raised its holdings in Netflix by 2.9% in the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after buying an additional 16 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total value of $334,319.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Leslie J. Kilgore sold 1,372 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total transaction of $966,999.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,437 shares of company stock valued at $146,229,378. 1.76% of the stock is currently owned by insiders.

Netflix Stock Performance

NFLX stock traded up $3.99 during trading on Monday, hitting $799.03. 229,597 shares of the company’s stock traded hands, compared to its average volume of 3,660,156. The stock has a market capitalization of $341.55 billion, a price-to-earnings ratio of 44.99, a price-to-earnings-growth ratio of 1.53 and a beta of 1.25. Netflix, Inc. has a 52 week low of $442.60 and a 52 week high of $803.59. The stock has a fifty day moving average price of $721.55 and a two-hundred day moving average price of $672.01. 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 (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during 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%. As a group, equities analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NFLX. Macquarie reissued an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a research report on Friday, October 18th. Wedbush increased their price target on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Morgan Stanley boosted their price objective on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Guggenheim increased their target price on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Bank of America boosted their price target on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $748.15.

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.