Investors sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading on Friday following insider selling activity. $991.78 million flowed into the stock on the tick-up and $1,070.46 million flowed out of the stock on the tick-down, for a money net flow of $78.68 million out of the stock. Of all equities tracked, Netflix had the 0th highest net out-flow for the day. Netflix traded up $2.22 for the day and closed at $348.68Specifically, CFO David B. Wells sold 1,000 shares of the stock in a transaction on Monday, June 11th. The stock was sold at an average price of $361.88, for a total transaction of $361,880.00. Following the sale, the chief financial officer now owns 722 shares of the company’s stock, valued at approximately $261,277.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gregory K. Peters sold 6,377 shares of the stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $375.00, for a total value of $2,391,375.00. Following the sale, the insider now directly owns 19,467 shares in the company, valued at approximately $7,300,125. The disclosure for this sale can be found here. Insiders have sold a total of 414,830 shares of company stock worth $151,827,994 in the last ninety days. Insiders own 4.29% of the company’s stock.

Several analysts have issued reports on NFLX shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $360.00 target price on shares of Netflix in a research report on Friday, June 1st. UBS Group cut Netflix from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $425.00 to $237.00 in a research report on Wednesday, July 11th. Goldman Sachs Group reissued a “$375.13” rating and issued a $470.00 price objective on shares of Netflix in a research report on Wednesday, July 18th. Atlantic Securities reissued a “buy” rating and issued a $413.00 price objective on shares of Netflix in a research report on Monday, September 3rd. Finally, SunTrust Banks raised their price objective on Netflix from $270.00 to $415.00 and gave the stock a “hold” rating in a research report on Friday, July 13th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $349.29.

The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $150.87 billion, a P/E ratio of 278.94, a PEG ratio of 4.33 and a beta of 0.90.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 16th. The Internet television network reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s revenue was up 40.3% compared to the same quarter last year. research analysts predict that Netflix, Inc. will post 2.67 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Berkeley Capital Partners LLC raised its stake in shares of Netflix by 17.3% during the 2nd quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock valued at $273,000 after buying an additional 149 shares during the last quarter. Capstone Financial Advisors Inc. raised its stake in shares of Netflix by 17.8% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock valued at $394,000 after buying an additional 152 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Netflix by 9.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock valued at $681,000 after buying an additional 153 shares during the last quarter. Cobblestone Capital Advisors LLC NY raised its stake in shares of Netflix by 22.1% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock valued at $335,000 after buying an additional 155 shares during the last quarter. Finally, SignalPoint Asset Management LLC raised its stake in shares of Netflix by 8.4% during the 2nd quarter. SignalPoint Asset Management LLC now owns 2,060 shares of the Internet television network’s stock valued at $806,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.

About Netflix (NASDAQ:NFLX)

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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