Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $185.71, for a total value of $64,998.50. Following the transaction, the director now directly owns 7,171 shares in the company, valued at approximately $1,331,726.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Netflix, Inc. (NFLX) traded up $3.34 during trading hours on Friday, hitting $188.54. The stock had a trading volume of 4,909,440 shares, compared to its average volume of 5,369,237. The stock has a market cap of $80,141.80, a price-to-earnings ratio of 187.07, a price-to-earnings-growth ratio of 5.50 and a beta of 1.33. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a fifty-two week low of $121.73 and a fifty-two week high of $204.38.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ 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 return on equity of 14.56% and a net margin of 4.04%. Netflix’s revenue was up 30.3% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. sell-side analysts expect that Netflix, Inc. will post 1.26 EPS for the current year.
Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in shares of Netflix during the 2nd quarter worth approximately $1,045,000. Lincoln National Corp raised its position in shares of Netflix by 7.0% during the 3rd quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after purchasing an additional 268 shares during the last quarter. Calamos Advisors LLC raised its position in shares of Netflix by 198.5% during the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after purchasing an additional 138,945 shares during the last quarter. Alps Advisors Inc. acquired a new position in shares of Netflix during the 2nd quarter worth approximately $262,000. Finally, BB&T Corp raised its position in shares of Netflix by 20.0% during the 3rd quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after purchasing an additional 642 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.
NFLX has been the topic of a number of research reports. Vetr lowered Netflix from a “hold” rating to a “sell” rating and set a $165.09 price target on the stock. in a report on Wednesday, August 30th. Robert W. Baird reissued a “hold” rating and set a $175.00 price target on shares of Netflix in a report on Friday, September 1st. Jefferies Group set a $165.00 price target on Netflix and gave the stock a “neutral” rating in a report on Monday, September 18th. Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $219.00 price target on the stock in a report on Monday, November 20th. Finally, KeyCorp reissued a “buy” rating and set a $190.00 price target on shares of Netflix in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. Netflix has a consensus rating of “Buy” and an average price target of $209.65.
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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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