Netflix, Inc. (NFLX) CFO Sells $364,220.00 in Stock
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 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.
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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