Investors bought shares of Netflix Inc. (NASDAQ:NFLX) on weakness during trading on Monday. $344.80 million flowed into the stock on the tick-up and $325.25 million flowed out of the stock on the tick-down, for a money net flow of $19.55 million into the stock. Of all equities tracked, Netflix had the 17th highest net in-flow for the day. Netflix traded down ($2.39) for the day and closed at $94.67

A number of brokerages have recently commented on NFLX. Citigroup Inc. reaffirmed a “hold” rating and issued a $116.00 price target (down from $121.00) on shares of Netflix in a research note on Sunday, April 3rd. SunTrust Banks Inc. reaffirmed a “hold” rating and issued a $115.00 price target on shares of Netflix in a research note on Saturday, April 9th. FBR & Co reaffirmed a “hold” rating on shares of Netflix in a research note on Sunday, April 17th. Jefferies Group reaffirmed a “hold” rating on shares of Netflix in a research note on Saturday, June 4th. Finally, Pivotal Research lowered their price target on Netflix from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, April 19th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $123.50.

The stock’s 50 day moving average price is $95.65 and its 200-day moving average price is $97.63. The company has a market cap of $40.55 billion and a P/E ratio of 326.45.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, April 18th. The Internet television network reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. During the same period last year, the firm posted $0.77 earnings per share. The firm earned $1.96 billion during the quarter, compared to the consensus estimate of $1.97 billion. The company’s revenue for the quarter was up 24.5% compared to the same quarter last year. Equities research analysts anticipate that Netflix Inc. will post $0.27 earnings per share for the current year.

In other Netflix news, Director Richard N. Barton sold 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $100.00, for a total transaction of $140,000.00. Following the completion of the transaction, the director now owns 16,262 shares in the company, valued at $1,626,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 81,816 shares of the business’s stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $95.80, for a total value of $7,837,972.80. Following the transaction, the chief executive officer now owns 81,816 shares of the company’s stock, valued at approximately $7,837,972.80. The disclosure for this sale can be found here.

Other hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Netflix by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 23,840,599 shares of the Internet television network’s stock worth $2,726,888,000 after buying an additional 714,832 shares during the last quarter. Morgan Stanley increased its position in shares of Netflix by 20.2% in the fourth quarter. Morgan Stanley now owns 10,926,258 shares of the Internet television network’s stock worth $1,249,746,000 after buying an additional 1,833,207 shares during the period. Baillie Gifford & Co. increased its position in shares of Netflix by 3.7% in the fourth quarter. Baillie Gifford & Co. now owns 4,940,283 shares of the Internet television network’s stock worth $565,069,000 after buying an additional 177,603 shares during the period. Wells Fargo & Company MN increased its position in shares of Netflix by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,297,918 shares of the Internet television network’s stock worth $148,456,000 after buying an additional 191,443 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. increased its position in shares of Netflix by 1.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 610,744 shares of the Internet television network’s stock worth $71,280,000 after buying an additional 8,054 shares during the period.

Netflix, Inc is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries and feature films on Internet-connected screen.

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