Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $194.29, for a total value of $136,003.00. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at $1,436,385.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Netflix, Inc. (NASDAQ NFLX) traded down $2.31 during trading hours on Friday, reaching $193.20. The company had a trading volume of 3,753,775 shares, compared to its average volume of 6,689,170. Netflix, Inc. has a 12 month low of $113.51 and a 12 month high of $204.38. The firm has a market cap of $84,600.00, a price-to-earnings ratio of 197.69, a P/E/G ratio of 5.75 and a beta of 1.39. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period in the prior year, the company earned $0.12 earnings per share. The company’s quarterly revenue was up 30.3% on a year-over-year basis. equities analysts predict that Netflix, Inc. will post 1.28 earnings per share for the current fiscal year.
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A number of equities research analysts have recently commented on NFLX shares. Vetr cut Netflix from a “hold” rating to a “sell” rating and set a $165.09 target price on the stock. in a research note on Wednesday, August 30th. Robert W. Baird reissued a “hold” rating and issued a $175.00 target price on shares of Netflix in a research note on Friday, September 1st. Jefferies Group LLC set a $165.00 target price on Netflix and gave the stock a “neutral” rating in a research note on Monday, September 18th. KeyCorp reaffirmed a “buy” rating and set a $190.00 price objective on shares of Netflix in a research report on Friday, August 25th. Finally, MKM Partners increased their price objective on Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $207.20.
A number of large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its position in Netflix by 0.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after buying an additional 10 shares in the last quarter. Heritage Investors Management Corp grew its stake in Netflix by 0.6% during the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after purchasing an additional 12 shares during the last quarter. Kalos Management Inc. grew its stake in Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after purchasing an additional 12 shares during the last quarter. Northwest Wealth Management LLC grew its stake in Netflix by 0.8% during the 2nd quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock valued at $282,000 after purchasing an additional 15 shares during the last quarter. Finally, Lincoln Capital Corp grew its stake in Netflix by 1.0% during the 2nd quarter. Lincoln Capital Corp now owns 2,020 shares of the Internet television network’s stock valued at $302,000 after purchasing an additional 20 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.
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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