Netflix, Inc. (NASDAQ:NFLX) insider Jonathan Friedland sold 3,617 shares of the company’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $203.35, for a total value of $735,516.95. The sale was disclosed in a filing with the SEC, which is available at this link.
Jonathan Friedland also recently made the following trade(s):
- On Thursday, October 5th, Jonathan Friedland sold 1,217 shares of Netflix stock. The shares were sold at an average price of $193.34, for a total value of $235,294.78.
- On Friday, October 6th, Jonathan Friedland sold 3,622 shares of Netflix stock. The shares were sold at an average price of $194.89, for a total value of $705,891.58.
- On Wednesday, July 19th, Jonathan Friedland sold 2,496 shares of Netflix stock. The shares were sold at an average price of $182.17, for a total value of $454,696.32.
Netflix, Inc. (NASDAQ:NFLX) traded up 2.22% during midday trading on Friday, reaching $199.54. The company had a trading volume of 8,128,567 shares. The firm’s 50 day moving average is $188.02 and its 200 day moving average is $168.64. The stock has a market capitalization of $86.28 billion, a PE ratio of 199.34 and a beta of 1.09. Netflix, Inc. has a 1-year low of $110.68 and a 1-year high of $204.38.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. On average, equities analysts anticipate that Netflix, Inc. will post $1.25 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of NFLX. Almanack Investment Partners LLC. purchased a new position in Netflix during the second quarter worth approximately $101,000. TD Capital Management LLC purchased a new position in shares of Netflix in the 2nd quarter valued at $105,000. SRS Capital Advisors Inc. raised its stake in shares of Netflix by 3,361.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after acquiring an additional 706 shares during the period. Harfst & Associates Inc. purchased a new position in shares of Netflix in the 1st quarter valued at $109,000. Finally, Aviance Capital Management LLC purchased a new position in shares of Netflix in the 2nd quarter valued at $137,000. 80.97% of the stock is currently owned by institutional investors.
A number of analysts recently issued reports on the company. Piper Jaffray Companies reissued a “buy” rating and set a $215.00 price objective on shares of Netflix in a report on Monday, September 18th. Loop Capital increased their price objective on Netflix from $228.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $210.00 price objective on shares of Netflix in a report on Friday, October 6th. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.75 price objective on the stock in a report on Thursday, August 10th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $195.00 price target on shares of Netflix in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-three have assigned a buy rating to the company. Netflix currently has a consensus rating of “Buy” and a consensus price target of $207.20.
Netflix Company Profile
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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