Netflix (NFLX) Director Richard N. Barton Sells 700 Shares of Stock

Netflix (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of Netflix stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $283.39, for a total transaction of $198,373.00. Following the transaction, the director now directly owns 7,393 shares in the company, valued at $2,095,102.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Netflix stock traded down $0.95 during mid-day trading on Friday, reaching $293.02. The stock had a trading volume of 3,907,913 shares, compared to its average volume of 11,163,732. The stock has a market cap of $125,385.06, a price-to-earnings ratio of 234.42, a PEG ratio of 3.97 and a beta of 0.99. Netflix has a one year low of $138.66 and a one year high of $333.98. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40.

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Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. Netflix’s revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. equities analysts expect that Netflix will post 2.73 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. BB&T Securities LLC raised its position in Netflix by 16.9% in the 3rd quarter. BB&T Securities LLC now owns 10,785 shares of the Internet television network’s stock worth $1,955,000 after buying an additional 1,558 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Netflix by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 571,151 shares of the Internet television network’s stock worth $103,576,000 after buying an additional 18,721 shares during the last quarter. Mackenzie Financial Corp raised its position in Netflix by 10.2% in the 3rd quarter. Mackenzie Financial Corp now owns 4,831 shares of the Internet television network’s stock worth $876,000 after buying an additional 446 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Netflix by 65.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 18,187 shares of the Internet television network’s stock worth $3,298,000 after buying an additional 7,223 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in Netflix by 502.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 144,968 shares of the Internet television network’s stock worth $26,401,000 after buying an additional 120,900 shares during the last quarter. Institutional investors own 81.62% of the company’s stock.

NFLX has been the topic of several research reports. Vetr downgraded shares of Netflix from a “hold” rating to a “sell” rating and set a $300.13 price target on the stock. in a research note on Monday, March 26th. Credit Suisse Group set a $224.00 price target on shares of Netflix and gave the stock a “neutral” rating in a research note on Monday, January 8th. Wedbush reissued an “underperform” rating and set a $110.00 price target (up from $93.00) on shares of Netflix in a research note on Tuesday, January 23rd. Loop Capital lifted their price target on shares of Netflix from $237.00 to $241.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Finally, Citigroup lifted their price target on shares of Netflix from $250.00 to $305.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 28th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $258.40.

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About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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