Richard N. Barton Sells 2,000 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $169.18, for a total transaction of $338,360.00. Following the completion of the sale, the director now owns 8,012 shares in the company, valued at $1,355,470.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Netflix, Inc. (NFLX) traded up 13.54% on Tuesday, reaching $183.60. 41,587,395 shares of the company were exchanged. Netflix, Inc. has a 12 month low of $84.50 and a 12 month high of $185.00. The stock has a market capitalization of $79.13 billion, a P/E ratio of 237.52 and a beta of 0.99. The stock has a 50 day moving average price of $157.80 and a 200-day moving average price of $144.87. Netflix also was the recipient of unusually large options trading activity on Monday. Investors bought 105,623 call options on the stock. This represents an increase of 271% compared to the typical daily volume of 28,474 call options.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Netflix had a return on equity of 12.73% and a net margin of 3.55%. The business’s quarterly revenue was up 32.3% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. On average, equities analysts expect that Netflix, Inc. will post $1.05 EPS for the current fiscal year.

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NFLX has been the topic of a number of analyst reports. MKM Partners restated a “buy” rating and set a $175.00 target price on shares of Netflix in a research report on Monday, March 27th. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $163.00 target price on the stock in a research report on Tuesday, March 21st. Loop Capital restated a “buy” rating and set a $167.00 target price (up previously from $159.00) on shares of Netflix in a research report on Monday, March 20th. Cantor Fitzgerald restated a “buy” rating and set a $160.00 target price (up previously from $148.64) on shares of Netflix in a research report on Thursday, April 13th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $170.00 target price on shares of Netflix in a research report on Friday, April 14th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty have assigned a buy rating to the stock. Netflix currently has an average rating of “Buy” and an average target price of $169.38.

A number of hedge funds have recently made changes to their positions in NFLX. Bronfman E.L. Rothschild L.P. increased its stake in shares of Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares during the period. Guardian Life Insurance Co. of America increased its stake in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares during the period. M Holdings Securities Inc. increased its stake in shares of Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after buying an additional 12 shares during the period. Heritage Investors Management Corp boosted its position in shares of Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after buying an additional 12 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Netflix by 3.1% in the first quarter. Assetmark Inc. now owns 1,201 shares of the Internet television network’s stock valued at $178,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 82.77% of the company’s stock.

Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.