Insider Selling: Netflix, Inc. (NFLX) Director Sells 700 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of Netflix stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $188.81, for a total transaction of $132,167.00. Following the completion of the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $1,395,872.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Netflix, Inc. (NFLX) traded up $0.56 on Friday, reaching $190.12. 7,048,874 shares of the company traded hands, compared to its average volume of 5,480,000. The company has a market cap of $82,270.00, a PE ratio of 189.76, a P/E/G ratio of 5.58 and a beta of 1.33. Netflix, Inc. has a 1-year low of $122.87 and a 1-year high of $204.38. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period last year, the firm earned $0.12 earnings per share. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. equities research analysts predict that Netflix, Inc. will post 1.26 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Balentine LLC lifted its position in Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after buying an additional 500 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in Netflix during the 2nd quarter worth about $101,000. Aviance Capital Management LLC bought a new stake in Netflix during the 2nd quarter worth about $137,000. Captrust Financial Advisors bought a new stake in Netflix during the 2nd quarter worth about $139,000. Finally, Harfst & Associates Inc. lifted its position in Netflix by 36.8% during the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after buying an additional 273 shares in the last quarter. 83.37% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on NFLX shares. KeyCorp reissued a “buy” rating and issued a $190.00 price target on shares of Netflix in a report on Friday, August 25th. Sanford C. Bernstein set a $203.00 price target on shares of Netflix and gave the company a “buy” rating in a report on Wednesday, August 30th. Vetr lowered shares of Netflix from a “hold” rating to a “sell” rating and set a $165.09 target price for the company. in a report on Wednesday, August 30th. Robert W. Baird reaffirmed a “hold” rating and set a $175.00 target price on shares of Netflix in a report on Friday, September 1st. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $175.00 target price on shares of Netflix in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $209.65.

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About Netflix

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.

Insider Buying and Selling by Quarter for Netflix (NASDAQ:NFLX)

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