Netflix Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 1,400 shares of Netflix stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $100.00, for a total value of $140,000.00. Following the sale, the director now directly owns 16,262 shares in the company, valued at approximately $1,626,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Netflix Inc. (NASDAQ:NFLX) opened at 105.07 on Friday. The company has a market capitalization of $45.05 billion, a price-to-earnings ratio of 328.34 and a beta of 1.14. The firm has a 50-day moving average of $97.95 and a 200 day moving average of $96.30. Netflix Inc. has a 12-month low of $79.95 and a 12-month high of $133.27.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm earned $2.11 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. Analysts expect that Netflix Inc. will post $0.28 EPS for the current fiscal year.
NFLX has been the topic of a number of recent analyst reports. Jefferies Group reaffirmed a “hold” rating and set a $120.00 price target on shares of Netflix in a report on Monday, July 11th. Cantor Fitzgerald reiterated a “buy” rating on shares of Netflix in a research note on Sunday, August 14th. FBR & Co reiterated a “market perform” rating and set a $90.00 price objective (down previously from $104.00) on shares of Netflix in a research note on Sunday, July 17th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $122.00 price objective on shares of Netflix in a research note on Tuesday, July 12th. Finally, Vetr lowered shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $102.41 price objective on the stock. in a research note on Wednesday, July 27th. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $110.97.
Several hedge funds have recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. raised its stake in Netflix by 16.4% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,201 shares of the Internet television network’s stock valued at $225,000 after buying an additional 310 shares during the last quarter. AMF Pensionsforsakring AB increased its position in shares of Netflix by 280.3% in the first quarter. AMF Pensionsforsakring AB now owns 265,621 shares of the Internet television network’s stock worth $27,154,000 after buying an additional 195,771 shares during the period. Motley Fool Wealth Management LLC increased its position in shares of Netflix by 3.6% in the first quarter. Motley Fool Wealth Management LLC now owns 30,876 shares of the Internet television network’s stock worth $3,156,000 after buying an additional 1,073 shares during the period. Aviva PLC increased its position in shares of Netflix by 2.0% in the first quarter. Aviva PLC now owns 224,856 shares of the Internet television network’s stock worth $22,987,000 after buying an additional 4,389 shares during the period. Finally, Cannell Peter B & Co Inc increased its position in shares of Netflix by 15.5% in the first quarter. Cannell Peter B & Co Inc now owns 4,465 shares of the Internet television network’s stock worth $456,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 78.43% of the company’s stock.
Netflix Company Profile
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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