Netflix, Inc. (NASDAQ:NFLX) CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $352.27, for a total value of $352,270.00. Following the sale, the chief financial officer now owns 576 shares in the company, valued at approximately $202,907.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NFLX stock opened at $368.15 on Friday. Netflix, Inc. has a 12-month low of $176.55 and a 12-month high of $423.21. The company has a market capitalization of $161.10 billion, a P/E ratio of 168.93, a price-to-earnings-growth ratio of 4.62 and a beta of 0.90. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.54 and a quick ratio of 1.54.

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

Several analysts have issued reports on the company. BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Wednesday. Citigroup upped their price objective on Netflix to $375.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank of Canada upped their price objective on Netflix from $360.00 to $440.00 and gave the company an “outperform” rating in a research note on Thursday, September 6th. Finally, Robert W. Baird set a $370.00 price objective on Netflix and gave the company a “neutral” rating in a research note on Tuesday, September 4th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $349.82.

A number of hedge funds have recently modified their holdings of NFLX. Commerce Bank grew its holdings in Netflix by 3.7% in the 1st quarter. Commerce Bank now owns 8,156 shares of the Internet television network’s stock worth $2,409,000 after buying an additional 288 shares in the last quarter. Financial Gravity Wealth Inc. bought a new position in Netflix in the 1st quarter worth approximately $326,000. Suffolk Capital Management LLC bought a new position in Netflix in the 1st quarter worth approximately $8,446,000. Chicago Equity Partners LLC grew its holdings in Netflix by 1.8% in the 1st quarter. Chicago Equity Partners LLC now owns 80,645 shares of the Internet television network’s stock worth $23,819,000 after buying an additional 1,390 shares in the last quarter. Finally, New Amsterdam Partners LLC NY bought a new position in Netflix in the 1st quarter worth approximately $829,000. 73.77% of the stock is owned by institutional investors and hedge funds.

Netflix Company Profile

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

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