Netflix, Inc. (NASDAQ:NFLX) CFO David B. Wells sold 1,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $191.20, for a total value of $191,200.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $191,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Netflix, Inc. (NFLX) opened at $212.52 on Thursday. Netflix, Inc. has a 52 week low of $128.50 and a 52 week high of $213.64. 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 company has a market capitalization of $91,960.00, a price-to-earnings ratio of 214.67, a PEG ratio of 3.41 and a beta of 1.34.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the business earned $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 predict that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.
NFLX has been the subject of several analyst reports. Credit Suisse Group set a $224.00 target price on Netflix and gave the company a “neutral” rating in a report on Monday. BidaskClub lowered Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Citigroup upped their price target on Netflix from $180.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Vetr raised Netflix from a “buy” rating to a “strong-buy” rating and set a $214.83 price target on the stock in a research report on Friday, December 22nd. Finally, Loop Capital upped their target price on Netflix from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $211.51.
A number of hedge funds have recently bought and sold shares of NFLX. Balentine LLC lifted its holdings in shares of Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after purchasing an additional 500 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of Netflix in the second quarter valued at about $101,000. Aviance Capital Management LLC bought a new stake in shares of Netflix in the second quarter valued at about $137,000. Captrust Financial Advisors bought a new stake in shares of Netflix in the second quarter valued at about $139,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Netflix in the third quarter valued at about $171,000. Hedge funds and other institutional investors own 83.27% of the company’s stock.
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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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