Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $176.41, for a total transaction of $352,820.00. Following the completion of the sale, the director now owns 8,012 shares in the company, valued at approximately $1,413,396.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Netflix, Inc. (NASDAQ:NFLX) traded down 1.45% during mid-day trading on Wednesday, reaching $175.78. 9,670,502 shares of the company traded hands. Netflix, Inc. has a 52-week low of $92.95 and a 52-week high of $191.50. The firm’s 50-day moving average is $165.67 and its 200 day moving average is $152.34. The stock has a market capitalization of $75.89 billion, a PE ratio of 213.84 and a beta of 1.02.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, equities research analysts expect that Netflix, Inc. will post $1.17 earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the company. Clean Yield Group purchased a new position in shares of Netflix during the first quarter valued at about $103,000. TD Capital Management LLC purchased a new position in shares of Netflix during the second quarter valued at about $105,000. SRS Capital Advisors Inc. boosted its position in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares during the period. Harfst & Associates Inc. purchased a new position in shares of Netflix during the first quarter valued at about $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock valued at $114,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 82.78% of the company’s stock.

NFLX has been the topic of a number of research reports. Stifel Nicolaus increased their price objective on shares of Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $175.00 price objective on shares of Netflix in a research note on Monday, April 17th. FBR & Co increased their price objective on shares of Netflix from $144.00 to $145.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, April 18th. Jefferies Group LLC increased their price objective on shares of Netflix from $135.00 to $141.00 and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Finally, MKM Partners reiterated a “buy” rating and issued a $195.00 price objective on shares of Netflix in a research note on Monday, July 10th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have given a buy rating to the company. Netflix currently has an average rating of “Buy” and a consensus target price of $174.74.

About Netflix

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.

Insider Buying and Selling by Quarter for Netflix (NASDAQ:NFLX)

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