Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total value of $331,440.00. Following the transaction, the director now directly owns 8,012 shares in the company, valued at $1,327,748.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Netflix, Inc. (NFLX) traded down 0.88% during trading on Wednesday, hitting $183.52. The stock had a trading volume of 3,203,340 shares. The company has a market cap of $79.23 billion, a PE ratio of 223.26 and a beta of 1.05. The firm’s 50 day moving average is $175.43 and its 200 day moving average is $158.52. Netflix, Inc. has a 1-year low of $93.26 and a 1-year high of $191.50.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The firm had revenue of $2.79 billion during 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 was up 32.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. Equities research analysts anticipate that Netflix, Inc. will post $1.19 EPS for the current fiscal year.
NFLX has been the subject of a number of recent research reports. Jefferies Group LLC reissued a “hold” rating and set a $141.00 price objective on shares of Netflix in a report on Monday, May 22nd. Loop Capital reaffirmed a “buy” rating and issued a $180.00 target price (up from $172.00) on shares of Netflix in a report on Tuesday, May 23rd. Piper Jaffray Companies upped their target price on Netflix from $166.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, May 25th. Canaccord Genuity reiterated a “buy” rating and issued a $165.00 price objective on shares of Netflix in a research note on Thursday, May 25th. Finally, William Blair reiterated an “outperform” rating on shares of Netflix in a research report on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $178.70.
Several hedge funds have recently added to or reduced their stakes in NFLX. Almanack Investment Partners LLC. bought a new stake in shares of Netflix during the second quarter valued at approximately $101,000. Clean Yield Group bought a new stake in Netflix in the 1st quarter worth approximately $103,000. TD Capital Management LLC bought a new stake in shares of Netflix during the 2nd quarter valued at $105,000. SRS Capital Advisors Inc. grew its position in shares of Netflix by 3,361.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after acquiring an additional 706 shares during the period. Finally, Harfst & Associates Inc. bought a new stake in shares of Netflix during the 1st quarter valued at $109,000. Hedge funds and other institutional investors own 81.05% of the company’s stock.
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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