Netflix Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,800 shares of the firm’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $104.27, for a total transaction of $291,956.00. Following the completion of the sale, the director now owns 15,254 shares of the company’s stock, valued at approximately $1,590,534.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Netflix Inc. (NASDAQ:NFLX) opened at 100.59 on Wednesday. The firm has a 50-day moving average of $98.56 and a 200 day moving average of $96.35. Netflix Inc. has a 52-week low of $79.95 and a 52-week high of $133.27. The company has a market cap of $43.13 billion, a PE ratio of 314.34 and a beta of 1.14.
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, beating analysts’ consensus estimates of $0.02 by $0.07. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the business posted $0.06 EPS. Netflix’s revenue was up 19.5% compared to the same quarter last year. Equities research analysts expect that Netflix Inc. will post $0.28 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors raised its position 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. Vanguard Group Inc. increased its stake in shares of Netflix by 2.0% in the second quarter. Vanguard Group Inc. now owns 25,054,115 shares of the Internet television network’s stock worth $2,291,951,000 after buying an additional 484,692 shares during the period. Baillie Gifford & Co. increased its stake in shares of Netflix by 4.5% in the second quarter. Baillie Gifford & Co. now owns 7,316,440 shares of the Internet television network’s stock worth $669,307,000 after buying an additional 314,275 shares during the period. Capital World Investors increased its stake in shares of 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 period. Finally, Geode Capital Management LLC increased its stake in shares of Netflix by 2.4% in the first quarter. Geode Capital Management LLC now owns 3,450,527 shares of the Internet television network’s stock worth $352,036,000 after buying an additional 79,246 shares during the period. Institutional investors and hedge funds own 78.43% of the company’s stock.
NFLX has been the subject of a number of recent analyst reports. Vetr downgraded shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $106.59 price objective for the company. in a research report on Thursday, June 16th. Nomura restated a “buy” rating and issued a $115.00 price objective (down previously from $125.00) on shares of Netflix in a research report on Monday, June 20th. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Tuesday, June 21st. Sanford C. Bernstein restated an “underperform” rating and issued a $62.00 price objective on shares of Netflix in a research report on Wednesday, June 22nd. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $140.00 price objective on shares of Netflix in a research report on Thursday, June 23rd. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $110.32.
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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