Netflix, Inc. (NFLX) Director Sells $181,370.00 in Stock
Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $181.37, for a total transaction of $181,370.00. Following the transaction, the director now directly owns 8,012 shares in the company, valued at $1,453,136.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Netflix, Inc. (NASDAQ NFLX) traded down 1.45% during midday trading on Wednesday, hitting $175.78. The company had a trading volume of 9,670,502 shares. The firm’s 50-day moving average is $163.28 and its 200-day moving average is $151.74. Netflix, Inc. has a 12-month low of $91.82 and a 12-month high of $191.50. The firm has a market capitalization of $75.89 billion, a P/E ratio of 213.84 and a beta of 1.02.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. On average, analysts predict that Netflix, Inc. will post $1.17 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC increased its position in Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares in the last quarter. FMR LLC increased its position in shares of Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock valued at $3,108,076,000 after buying an additional 1,305,294 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after buying an additional 921,283 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock valued at $121,708,000 after buying an additional 811,007 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd. increased its position in shares of Netflix by 34.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network’s stock valued at $342,357,000 after buying an additional 590,966 shares in the last quarter. Hedge funds and other institutional investors own 82.78% of the company’s stock.
A number of brokerages have weighed in on NFLX. Wedbush reaffirmed a “sell” rating on shares of Netflix in a research report on Wednesday. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Netflix in a research report on Wednesday. Jefferies Group LLC set a $165.00 price target on shares of Netflix and gave the company a “neutral” rating in a research report on Wednesday. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $215.00 price target (up from $198.00) on shares of Netflix in a research report on Tuesday. Finally, Vetr raised shares of Netflix from a “strong sell” rating to a “sell” rating and set a $163.64 price target on the stock in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $174.74.
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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