Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $194.29, for a total value of $136,003.00. Following the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $1,436,385.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded down $2.78 during midday trading on Monday, reaching $184.04. The company had a trading volume of 9,067,443 shares, compared to its average volume of 6,672,398. Netflix, Inc. has a 52-week low of $118.40 and a 52-week high of $204.38. The firm has a market cap of $79,640.00, a P/E ratio of 188.71, a P/E/G ratio of 5.55 and a beta of 1.33. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. equities analysts predict that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.
Several research analysts have recently commented on NFLX shares. Piper Jaffray Companies restated an “overweight” rating and set a $215.00 price target (up from $198.00) on shares of Netflix in a research report on Tuesday, August 8th. Jefferies Group reiterated a “hold” rating and issued a $165.00 target price (down from $171.80) on shares of Netflix in a report on Wednesday, August 9th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. Wedbush reiterated a “sell” rating on shares of Netflix in a report on Wednesday, August 9th. Finally, Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.75 price target for the company in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $208.19.
A number of large investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC purchased a new position in Netflix in the 3rd quarter valued at about $171,000. Public Employees Retirement System of Ohio boosted its position in Netflix by 0.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 285,901 shares of the Internet television network’s stock valued at $51,848,000 after buying an additional 877 shares during the last quarter. Truepoint Inc. boosted its position in Netflix by 18,035.0% in the 3rd quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock valued at $402,000 after buying an additional 400,197 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in Netflix by 161.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 15,967 shares of the Internet television network’s stock valued at $2,837,000 after buying an additional 9,850 shares during the last quarter. Finally, Moors & Cabot Inc. purchased a new position in Netflix in the 3rd quarter valued at about $215,000. 83.38% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This news story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://www.dispatchtribunal.com/2017/12/04/netflix-inc-nflx-director-sells-136003-00-in-stock.html.
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.
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.