Netflix, Inc. (NASDAQ:NFLX) insider Jonathan Friedland sold 2,496 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $182.17, for a total value of $454,696.32. Following the completion of the sale, the insider now directly owns 1,232 shares of the company’s stock, valued at $224,433.44. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded down 1.43% during midday trading on Monday, hitting $181.41. 3,276,735 shares of the stock traded hands. The stock has a 50-day moving average of $161.73 and a 200-day moving average of $150.70. The company has a market cap of $78.32 billion, a price-to-earnings ratio of 220.69 and a beta of 0.99. Netflix, Inc. has a 52-week low of $90.50 and a 52-week high of $191.50.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. On average, equities analysts predict that Netflix, Inc. will post $1.17 earnings per share for the current fiscal year.
NFLX has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their target price on Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $175.00 price objective on shares of Netflix in a research note on Monday, April 17th. FBR & Co increased their target price on Netflix from $144.00 to $145.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, April 18th. Jefferies Group LLC increased their target price on Netflix from $135.00 to $141.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $195.00 price target on shares of Netflix in a report on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $174.36.
Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. Raymond James Trust N.A. increased its position in shares of Netflix by 57.0% in the first quarter. Raymond James Trust N.A. now owns 2,800 shares of the Internet television network’s stock worth $414,000 after buying an additional 1,017 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its position in shares of Netflix by 1,487.2% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 190,989 shares of the Internet television network’s stock worth $28,230,000 after buying an additional 178,956 shares in the last quarter. Paradigm Financial Advisors LLC purchased a new position in shares of Netflix during the first quarter worth about $238,000. CENTRAL TRUST Co increased its position in shares of Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock worth $125,000 after buying an additional 682 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Netflix by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 373,360 shares of the Internet television network’s stock worth $55,187,000 after buying an additional 12,440 shares in the last quarter. Hedge funds and other institutional investors own 82.57% 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.
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