Netflix, Inc. (NASDAQ:NFLX) insider Jonathan Friedland sold 2,496 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. Following the sale, the insider now directly owns 1,232 shares of the company’s stock, valued at $224,433.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Netflix, Inc. (NASDAQ:NFLX) opened at 181.33 on Tuesday. Netflix, Inc. has a 52-week low of $91.82 and a 52-week high of $191.50. The company’s 50-day moving average is $163.28 and its 200 day moving average is $151.74. The firm has a market capitalization of $78.29 billion, a P/E ratio of 220.60 and a beta of 1.02.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the business earned $0.09 earnings per share. The firm’s revenue was up 32.3% on a year-over-year basis. Analysts expect that Netflix, Inc. will post $1.17 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. Raymond James Trust N.A. boosted 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 during the last quarter. CHURCHILL MANAGEMENT Corp boosted 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 during the last quarter. Paradigm Financial Advisors LLC acquired a new position in shares of Netflix during the first quarter worth approximately $238,000. CENTRAL TRUST Co boosted 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 during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted 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 during the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.
NFLX has been the subject of several recent analyst reports. Wedbush upped their target price on shares of Netflix from $68.00 to $73.00 and gave the company an “underperform” rating in a research note on Tuesday, April 18th. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $138.98 target price for the company in a research note on Monday, April 17th. Pivotal Research upped their target price on shares of Netflix from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, April 18th. William Blair reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Netflix in a research note on Saturday, April 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Netflix in a research note on Monday, April 17th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $174.36.
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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