Investors Sell Netflix Inc. (NFLX) on Strength (NFLX)
Investors sold shares of Netflix Inc. (NASDAQ:NFLX) on strength during trading on Tuesday. $143.70 million flowed into the stock on the tick-up and $172.52 million flowed out of the stock on the tick-down, for a money net flow of $28.82 million out of the stock. Of all companies tracked, Netflix had the 0th highest net out-flow for the day. Netflix traded up $0.15 for the day and closed at $97.45
A number of equities research analysts recently issued reports on NFLX shares. Jefferies Group reissued a “hold” rating and issued a $120.00 price target on shares of Netflix in a research note on Monday, July 11th. Cantor Fitzgerald restated a “buy” rating on shares of Netflix in a report on Sunday, August 14th. FBR & Co restated a “market perform” rating and issued a $90.00 price objective (down previously from $104.00) on shares of Netflix in a report on Sunday, July 17th. Piper Jaffray Cos. restated an “overweight” rating and issued a $122.00 price objective on shares of Netflix in a report on Tuesday, July 12th. Finally, MKM Partners decreased their price objective on Netflix from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $111.34.
The stock has a market capitalization of $41.78 billion and a P/E ratio of 304.53. The company has a 50-day moving average of $94.14 and a 200 day moving average of $95.78.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. During the same period in the prior year, the firm posted $0.06 EPS. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. Netflix’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts expect that Netflix Inc. will post $0.29 earnings per share for the current year.
In related news, Director Richard N. Barton sold 1,400 shares of the business’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $94.97, for a total transaction of $132,958.00. Following the transaction, the director now directly owns 15,562 shares in the company, valued at $1,477,923.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $95.00, for a total value of $66,500.00. Following the transaction, the director now owns 15,562 shares in the company, valued at $1,478,390. The disclosure for this sale can be found here.
A number of institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in shares of Netflix by 11.6% in the fourth quarter. Ameriprise Financial Inc. now owns 596,407 shares of the Internet television network’s stock valued at $68,245,000 after buying an additional 61,924 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Netflix by 2.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,104,516 shares of the Internet television network’s stock valued at $126,335,000 after buying an additional 28,933 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Netflix by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 480,288 shares of the Internet television network’s stock valued at $54,945,000 after buying an additional 24,554 shares in the last quarter. Finally, I.G. Investment Management LTD. raised its position in shares of Netflix by 6.2% in the fourth quarter. I.G. Investment Management LTD. now owns 41,118 shares of the Internet television network’s stock valued at $4,703,000 after buying an additional 2,394 shares in the last quarter.
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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