Netflix, Inc. (NASDAQ:NFLX) Insider Jonathan Friedland Sells 2,496 Shares

Netflix, Inc. (NASDAQ:NFLX) insider Jonathan Friedland sold 2,496 shares of the stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total value of $454,696.32. Following the sale, the insider now directly owns 1,232 shares in the company, valued at approximately $224,433.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Netflix, Inc. (NFLX) traded down 1.46% on Tuesday, hitting $168.50. 5,656,064 shares of the stock were exchanged. The company has a 50-day moving average of $169.45 and a 200 day moving average of $154.36. Netflix, Inc. has a 12 month low of $93.26 and a 12 month high of $191.50. The firm has a market cap of $72.75 billion, a P/E ratio of 204.99 and a beta of 1.02.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. Equities research analysts expect that Netflix, Inc. will post $1.19 earnings per share for the current fiscal year.

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A number of equities research analysts recently issued reports on NFLX shares. Stifel Nicolaus increased their price target on Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada reissued an “outperform” rating and set a $175.00 price target on shares of Netflix in a research report on Monday, April 17th. FBR & Co increased their price target 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 price target on Netflix from $135.00 to $141.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Finally, Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.75 price target on the stock in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $175.13.

Hedge funds have recently made changes to their positions in the stock. 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 worth $168,000 after buying an additional 9 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Netflix by 0.6% in the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after buying an additional 10 shares in the last quarter. 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 worth $245,000 after buying an additional 11 shares in the last quarter. 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 worth $365,000 after buying an additional 12 shares in the last quarter. Finally, Heritage Investors Management Corp increased its stake 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 worth $298,000 after buying an additional 12 shares in the last quarter. Institutional investors own 82.94% 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.