Traders Sell Netflix, Inc. (NFLX) on Strength (NFLX)

Traders sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading hours on Monday. $243.63 million flowed into the stock on the tick-up and $287.05 million flowed out of the stock on the tick-down, for a money net flow of $43.42 million out of the stock. Of all stocks tracked, Netflix had the 0th highest net out-flow for the day. Netflix traded up $5.32 for the day and closed at $181.74

NFLX has been the topic of several recent analyst reports. Instinet reissued a “buy” rating on shares of Netflix in a report on Friday, June 2nd. Sanford C. Bernstein set a $203.00 target price on Netflix and gave the company a “buy” rating in a report on Wednesday, August 30th. Canaccord Genuity increased their target price on Netflix from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, June 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $185.00 price objective (up previously from $175.00) on shares of Netflix in a report on Thursday, July 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Netflix in a report on Friday, June 16th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $178.70.

The firm has a market cap of $79.94 billion, a price-to-earnings ratio of 225.24 and a beta of 1.05. The firm’s 50-day moving average is $175.51 and its 200-day moving average is $158.22.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the company earned $0.09 EPS. The business’s revenue for the quarter was up 32.3% compared to the same quarter last year. Equities research analysts forecast that Netflix, Inc. will post $1.19 earnings per share for the current fiscal year.

In other news, CEO Reed Hastings sold 115,577 shares of the stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total transaction of $17,640,517.51. Following the transaction, the chief executive officer now owns 115,577 shares in the company, valued at approximately $17,640,517.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $154.31, for a total transaction of $308,620.00. Following the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,236,331.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 349,435 shares of company stock worth $59,221,491. 4.90% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in NFLX. FMR LLC increased its stake in shares of Netflix by 12.4% during the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Netflix by 3,478.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after buying an additional 1,984,404 shares during the period. Jennison Associates LLC boosted its holdings in shares of Netflix by 14.0% during the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after buying an additional 1,814,056 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Netflix by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Netflix by 22,622.2% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after buying an additional 811,007 shares during the period. Institutional investors own 81.05% of the company’s stock.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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