Netflix, Inc. (NASDAQ:NFLX) CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction on Monday, December 11th. The shares were sold at an average price of $187.94, for a total value of $187,940.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $187,940. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Netflix, Inc. (NASDAQ NFLX) traded down $0.49 during trading on Wednesday, hitting $185.73. The stock had a trading volume of 4,265,800 shares, compared to its average volume of 6,632,455. Netflix, Inc. has a fifty-two week low of $122.50 and a fifty-two week high of $204.38. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $80,370.00, a P/E ratio of 188.10, a P/E/G ratio of 5.53 and a beta of 1.33.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. sell-side analysts forecast that Netflix, Inc. will post 1.26 earnings per share for the current year.
Several research analysts recently commented on the company. Stifel Nicolaus boosted their target price on Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. J P Morgan Chase & Co reissued an “overweight” rating and set a $225.00 target price (up from $210.00) on shares of Netflix in a research note on Friday, October 13th. Vetr raised Netflix from a “hold” rating to a “buy” rating and set a $210.19 target price for the company in a research note on Thursday, October 19th. BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, CIBC reissued an “outperform” rating and set a $215.00 target price (up from $200.00) on shares of Netflix in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $209.65.
Several institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of Netflix in the 3rd quarter valued at about $171,000. Public Employees Retirement System of Ohio lifted its holdings in shares of 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 purchasing an additional 877 shares during the last quarter. Truepoint Inc. raised its stake in Netflix by 18,035.0% during the 3rd quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock valued at $402,000 after acquiring an additional 400,197 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in Netflix by 161.0% during 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 acquiring an additional 9,850 shares during the last quarter. Finally, Moors & Cabot Inc. purchased a new stake in Netflix during the 3rd quarter valued at approximately $215,000. 83.37% of the stock is owned by institutional investors and hedge funds.
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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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