Netflix Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of Netflix stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $98.78, for a total transaction of $69,146.00. Following the transaction, the director now directly owns 15,562 shares in the company, valued at approximately $1,537,214.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Netflix Inc. (NASDAQ:NFLX) opened at 95.94 on Monday. Netflix Inc. has a one year low of $79.95 and a one year high of $133.27. The company has a market cap of $41.13 billion, a price-to-earnings ratio of 299.81 and a beta of 1.71. The company’s 50-day moving average is $96.77 and its 200-day moving average is $96.19.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The business earned $2.11 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities analysts predict that Netflix Inc. will post $0.29 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Winslow Capital Management LLC acquired a new stake in Netflix during the second quarter worth about $209,447,000. Capital World Investors raised its stake in Netflix by 32.4% in the second quarter. Capital World Investors now owns 6,656,926 shares of the Internet television network’s stock worth $608,976,000 after buying an additional 1,630,881 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Netflix during the first quarter worth about $94,076,000. Capital Research Global Investors raised its stake in Netflix by 1.5% in the second quarter. Capital Research Global Investors now owns 49,967,802 shares of the Internet television network’s stock worth $4,571,055,000 after buying an additional 761,325 shares during the last quarter. Finally, Criterion Capital Management LLC raised its stake in Netflix by 241.5% in the second quarter. Criterion Capital Management LLC now owns 991,469 shares of the Internet television network’s stock worth $90,700,000 after buying an additional 701,119 shares during the last quarter. 78.43% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the stock. Jefferies Group restated an “underperform” rating and set a $76.00 price target on shares of Netflix in a research note on Friday. Vetr upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $102.90 price target for the company in a research note on Tuesday, September 20th. RBC Capital Markets restated a “buy” rating on shares of Netflix in a research note on Thursday, September 15th. FBR & Co restated a “market perform” rating and set a $90.00 price target on shares of Netflix in a research note on Thursday, September 15th. Finally, Macquarie lowered shares of Netflix from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $133.27 to $85.00 in a research note on Tuesday, September 13th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $110.46.
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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