Netflix, Inc. (NASDAQ:NFLX) Director Ann Mather Sells 1,090 Shares

Netflix, Inc. (NASDAQ:NFLX) Director Ann Mather sold 1,090 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Ann Mather also recently made the following trade(s):

• On Friday, May 9th, Ann Mather sold 1,358 shares of Netflix stock. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00.

Netflix Price Performance

NFLX stock opened at $1,241.47 on Friday. The company has a market capitalization of $528.33 billion, a P/E ratio of 62.61, a PEG ratio of 2.12 and a beta of 1.59. The company has a fifty day moving average price of $1,087.80 and a 200-day moving average price of $987.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the company earned $8.28 EPS. As a group, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Hedge Funds Weigh In On Netflix

Hedge funds have recently made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares during the period. Brown Shipley& Co Ltd acquired a new position in Netflix in the fourth quarter valued at $27,000. Transce3nd LLC bought a new stake in Netflix during the fourth quarter valued at $32,000. Finally, Pineridge Advisors LLC grew its holdings in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after acquiring an additional 40 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NFLX. Barclays raised their target price on shares of Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Monday, April 21st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Oppenheimer restated an “outperform” rating and set a $1,200.00 price objective (up from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. Benchmark reiterated a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Finally, Bank of America lifted their price target on Netflix from $1,175.00 to $1,490.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,149.91.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.