Traders bought shares of Netflix, Inc. (NASDAQ:NFLX) on weakness during trading hours on Wednesday. $505.68 million flowed into the stock on the tick-up and $422.04 million flowed out of the stock on the tick-down, for a money net flow of $83.64 million into the stock. Of all companies tracked, Netflix had the 4th highest net in-flow for the day. Netflix traded down ($2.58) for the day and closed at $175.78

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

The firm has a 50-day moving average of $165.67 and a 200 day moving average of $152.34. The company has a market cap of $75.89 billion, a price-to-earnings ratio of 213.84 and a beta of 1.02.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the business posted $0.09 EPS. The business’s revenue was up 32.3% on a year-over-year basis. On average, equities analysts predict that Netflix, Inc. will post $1.17 earnings per share for the current year.

In related news, CEO Reed Hastings sold 115,577 shares of Netflix stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the sale, the chief executive officer now owns 115,577 shares of the company’s stock, valued at approximately $17,640,517.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Barton sold 1,000 shares of Netflix stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $187.79, for a total transaction of $187,790.00. Following the sale, the director now directly owns 7,198 shares in the company, valued at approximately $1,351,712.42. The disclosure for this sale can be found here. In the last three months, insiders sold 388,801 shares of company stock worth $64,673,171. Insiders own 4.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Jennison Associates LLC increased its stake 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 valued at $1,913,727,000 after buying an additional 2,279,835 shares during the period. FMR LLC increased its stake in 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 during the period. Vanguard Group Inc. increased its stake in 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 during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in 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 during the period. Finally, Tybourne Capital Management HK Ltd. increased its stake in 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 during the period. 82.78% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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