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

Versant Capital Management Inc lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 68.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,116 shares of the Internet television network's stock after purchasing an additional 452 shares during the quarter. Versant Capital Management Inc's holdings in Netflix were worth $1,041,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NFLX. Capital & Planning LLC acquired a new position in shares of Netflix in the 4th quarter valued at $809,000. Brighton Jones LLC increased its position in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Netflix in the 4th quarter valued at about $12,212,000. Revolve Wealth Partners LLC boosted its stake in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares during the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in Netflix during the fourth quarter valued at approximately $287,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NFLX. Macquarie lifted their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Loop Capital reiterated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Bank of America increased their target price on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $1,220.00 target price (up from $1,150.00) on shares of Netflix in a report on Monday, May 19th. 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 company. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and a consensus price target of $1,122.33.

Insider Activity

In other news, Chairman Reed Hastings sold 30,485 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $981.92, for a total value of $29,933,831.20. Following the completion of the sale, the chairman now owns 394 shares of the company's stock, valued at approximately $386,876.48. The trade was a 98.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at approximately $3,624,746.55. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,348 shares of company stock valued at $139,087,908. 1.37% of the stock is owned by company insiders.

Netflix Stock Performance

NFLX stock traded up $17.26 during midday trading on Friday, reaching $1,202.12. 4,686,095 shares of the company were exchanged, compared to its average volume of 3,758,842. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50-day moving average price of $1,059.27 and a two-hundred day moving average price of $974.30. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,215.91. The firm has a market capitalization of $511.59 billion, a price-to-earnings ratio of 60.62, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the previous year, the business posted $8.28 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company 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.