Netflix Inc. (NASDAQ:NFLX) shares were down 1.2% on Monday following insider selling activity. The stock traded as low as $102.76 and last traded at $103.59, with a volume of 5,328,824 shares traded. The stock had previously closed at $104.82.
Specifically, Director Richard N. Barton sold 2,800 shares of the company’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $104.27, for a total value of $291,956.00. Following the transaction, the director now directly owns 15,254 shares of the company’s stock, valued at approximately $1,590,534.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jay C. Hoag bought 600,000 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The stock was purchased at an average cost of $86.43 per share, for a total transaction of $51,858,000.00. The disclosure for this purchase can be found here. 4.90% of the stock is owned by corporate insiders.
Several equities research analysts have commented on NFLX shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $116.00 price target (down from $125.00) on shares of Netflix in a report on Tuesday, July 19th. MKM Partners lowered their price target on shares of Netflix from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $103.71 price target on the stock in a report on Thursday, September 8th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $85.00 price target on shares of Netflix in a report on Thursday, July 28th. Finally, Jefferies Group reaffirmed an “underperform” rating and issued a $76.00 price target on shares of Netflix in a report on Friday, September 23rd. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $110.52.
The firm has a 50-day moving average of $98.41 and a 200 day moving average of $96.32. The company has a market capitalization of $44.30 billion, a P/E ratio of 322.91 and a beta of 1.14.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, beating 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 firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. On average, equities research analysts predict that Netflix Inc. will post $0.28 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Advisors Inc. increased its position in shares of Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock worth $102,000 after buying an additional 228 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Netflix during the second quarter worth approximately $124,000. Quadrant Capital Group LLC increased its position in shares of Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock worth $126,000 after buying an additional 194 shares during the last quarter. Coconut Grove Bank increased its position in shares of Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock worth $140,000 after buying an additional 26 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock worth $155,000 after buying an additional 224 shares during the last quarter. 78.43% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.