Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 350 shares of Netflix stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $324.94, for a total transaction of $113,729.00. Following the sale, the director now owns 7,314 shares of the company’s stock, valued at $2,376,611.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ NFLX opened at $339.56 on Friday. Netflix, Inc. has a 12-month low of $178.38 and a 12-month high of $423.21. The stock has a market cap of $162.92 billion, a P/E ratio of 271.65, a price-to-earnings-growth ratio of 4.67 and a beta of 0.89. 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 announced its quarterly earnings data on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the prior year, the company earned $0.15 EPS. Netflix’s revenue was up 40.3% compared to the same quarter last year. As a group, equities analysts forecast that Netflix, Inc. will post 2.67 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HPM Partners LLC grew its stake in Netflix by 30.2% during the 2nd quarter. HPM Partners LLC now owns 3,896 shares of the Internet television network’s stock valued at $1,525,000 after acquiring an additional 904 shares in the last quarter. Morgan Stanley grew its stake in Netflix by 1.6% during the 2nd quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock valued at $925,600,000 after acquiring an additional 37,425 shares in the last quarter. Private Capital Group LLC grew its stake in Netflix by 33.1% during the 2nd quarter. Private Capital Group LLC now owns 744 shares of the Internet television network’s stock valued at $291,000 after acquiring an additional 185 shares in the last quarter. Braun Bostich & Associates Inc. purchased a new stake in Netflix during the 1st quarter valued at about $142,000. Finally, Mackay Shields LLC grew its stake in Netflix by 3.0% during the 2nd quarter. Mackay Shields LLC now owns 169,338 shares of the Internet television network’s stock valued at $66,284,000 after acquiring an additional 4,917 shares in the last quarter. 73.76% of the stock is owned by institutional investors.

NFLX has been the subject of several research reports. Imperial Capital lowered their price objective on shares of Netflix from $503.00 to $494.00 and set an “outperform” rating for the company in a research note on Monday, August 13th. Canaccord Genuity lifted their price objective on shares of Netflix from $350.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, July 12th. Citigroup lifted their price objective on shares of Netflix to $375.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 12th. Zacks Investment Research upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. Finally, Jefferies Financial Group reiterated a “neutral” rating and set a $320.00 price objective on shares of Netflix in a research note on Monday, August 20th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $355.45.

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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