Investors Sell Netflix, Inc. (NFLX) on Strength on Insider Selling
Traders sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading hours on Thursday after an insider sold shares in the company. $259.99 million flowed into the stock on the tick-up and $301.29 million flowed out of the stock on the tick-down, for a money net flow of $41.30 million out of the stock. Of all companies tracked, Netflix had the 0th highest net out-flow for the day. Netflix traded up $3.39 for the day and closed at $195.51Specifically, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $194.29, for a total value of $136,003.00. Following the completion of the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $1,436,385.97. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total value of $331,440.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,327,748.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 344,072 shares of company stock valued at $63,582,550. Insiders own 4.90% of the company’s stock.
NFLX has been the subject of several recent research reports. Sanford C. Bernstein set a $203.00 price target on Netflix and gave the company a “buy” rating in a report on Wednesday, August 30th. Citigroup Inc. upped their price target on Netflix from $180.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Vetr lowered Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 price objective on the stock. in a research note on Monday, September 18th. Robert W. Baird reiterated a “hold” rating and issued a $175.00 price objective on shares of Netflix in a research note on Friday, September 1st. Finally, Wedbush set a $88.00 price objective on Netflix and gave the company a “sell” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and thirty-two have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $207.20.
The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $84,600.00, a PE ratio of 197.69, a price-to-earnings-growth ratio of 5.75 and a beta of 1.39.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. equities research analysts anticipate that Netflix, Inc. will post 1.28 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Fox Run Management L.L.C. acquired a new stake in shares of Netflix in the second quarter valued at approximately $254,000. TD Capital Management LLC acquired a new stake in shares of Netflix in the second quarter valued at approximately $105,000. Appleton Partners Inc. MA raised its position in shares of Netflix by 8.3% in the second quarter. Appleton Partners Inc. MA now owns 12,515 shares of the Internet television network’s stock valued at $1,870,000 after buying an additional 960 shares in the last quarter. Bank of Montreal Can raised its position in shares of Netflix by 15.0% in the second quarter. Bank of Montreal Can now owns 403,556 shares of the Internet television network’s stock valued at $60,294,000 after buying an additional 52,649 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its position in shares of Netflix by 1.9% in the second quarter. Gateway Investment Advisers LLC now owns 259,760 shares of the Internet television network’s stock valued at $38,811,000 after buying an additional 4,831 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.
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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