Netflix, Inc. (NASDAQ:NFLX) CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $364.22, for a total transaction of $364,220.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $364,220. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NASDAQ:NFLX opened at $367.65 on Wednesday. Netflix, Inc. has a one year low of $176.55 and a one year high of $423.21. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $158.75 billion, a P/E ratio of 294.12, a price-to-earnings-growth ratio of 4.55 and a beta of 0.90.

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

A number of brokerages have issued reports on NFLX. Imperial Capital began coverage on shares of Netflix in a report on Tuesday, June 26th. They issued an “outperform” rating and a $503.00 price target on the stock. Goldman Sachs Group lifted their target price on shares of Netflix to $490.00 and gave the company a “positive” rating in a research note on Wednesday, June 20th. Pivotal Research lifted their target price on shares of Netflix from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $415.00 target price on shares of Netflix in a research note on Tuesday, July 17th. Finally, BidaskClub lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $349.82.

A number of institutional investors have recently modified their holdings of NFLX. FMR LLC raised its holdings in Netflix by 6.1% in the second quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock worth $10,377,360,000 after buying an additional 1,534,290 shares during the last quarter. BlackRock Inc. raised its holdings in Netflix by 4.2% in the first quarter. BlackRock Inc. now owns 26,816,614 shares of the Internet television network’s stock worth $7,920,289,000 after buying an additional 1,069,420 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in Netflix by 39,296.1% in the second quarter. Cornerstone Wealth Management LLC now owns 929,355 shares of the Internet television network’s stock worth $2,334,000 after buying an additional 926,996 shares during the last quarter. Summit Trail Advisors LLC raised its holdings in Netflix by 49,540.2% in the first quarter. Summit Trail Advisors LLC now owns 907,422 shares of the Internet television network’s stock worth $907,000 after buying an additional 905,594 shares during the last quarter. Finally, Baillie Gifford & Co. raised its holdings in Netflix by 12.0% in the first quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock worth $2,302,183,000 after buying an additional 837,285 shares during the last quarter. 73.72% of the stock is owned by institutional investors and hedge funds.

About Netflix

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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