Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,000 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $184.30, for a total value of $368,600.00. Following the completion of the sale, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,476,611.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Netflix, Inc. (NASDAQ NFLX) traded up 1.76% during midday trading on Thursday, hitting $188.78. 5,334,589 shares of the stock traded hands. The firm has a market cap of $81.51 billion, a PE ratio of 229.66 and a beta of 1.05. The company’s 50 day moving average price is $175.28 and its 200 day moving average price is $160.06. Netflix, Inc. has a 12 month low of $93.26 and a 12 month 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). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. Equities research 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. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $205.00 target price (up previously from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Cantor Fitzgerald increased their target price on Netflix from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Tuesday, June 6th. Vetr raised Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 price target on the stock in a report on Tuesday. MKM Partners raised their price target on Netflix from $195.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $200.00 price target (up previously from $175.00) on shares of Netflix in a report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $178.90.
Institutional investors and hedge funds have recently modified their holdings of the business. Almanack Investment Partners LLC. acquired a new stake in shares of Netflix during the 2nd quarter worth about $101,000. TD Capital Management LLC acquired a new stake in shares of Netflix during the 2nd quarter worth about $105,000. Appropriate Balance Financial Services Inc. increased its position in shares of Netflix by 5.6% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock worth $4,701,000 after purchasing an additional 37 shares during the last quarter. SRS Capital Advisors Inc. increased 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 worth $107,000 after purchasing an additional 706 shares during the last quarter. Finally, Harfst & Associates Inc. acquired a new stake in shares of Netflix during the 1st quarter worth about $109,000. 81.03% of the stock is owned by institutional investors and hedge funds.
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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