Richard N. Barton Sells 700 Shares of Netflix, Inc. (NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $211.27, for a total value of $147,889.00. Following the sale, the director now directly owns 36,022 shares of the company’s stock, valued at approximately $7,610,367.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Netflix, Inc. (NASDAQ NFLX) opened at $212.52 on Thursday. The stock has a market capitalization of $91,960.00, a PE ratio of 214.67, a price-to-earnings-growth ratio of 3.41 and a beta of 1.34. 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 12-month low of $128.50 and a 12-month high of $213.64.

Netflix (NASDAQ:NFLX) last announced its 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). The firm had revenue of $2.99 billion during 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%. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. equities analysts anticipate that Netflix, Inc. will post 1.26 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Netflix by 2.9% in the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after purchasing an additional 789,190 shares during the last quarter. BlackRock Inc. boosted its position in Netflix by 1.7% in the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after purchasing an additional 423,968 shares during the last quarter. FMR LLC boosted its position in Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Netflix by 5.0% in the third quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock worth $659,809,000 after buying an additional 172,229 shares during the period. Finally, Tybourne Capital Management HK Ltd. raised its stake in shares of Netflix by 3.6% in the second quarter. Tybourne Capital Management HK Ltd. now owns 2,400,536 shares of the Internet television network’s stock worth $358,664,000 after buying an additional 84,341 shares during the period. 83.27% of the stock is currently owned by institutional investors and hedge funds.

NFLX has been the subject of a number of analyst reports. Bank of America increased their price objective on Netflix from $199.00 to $225.00 in a research note on Tuesday, October 17th. Piper Jaffray Companies restated a “buy” rating and set a $215.00 target price on shares of Netflix in a report on Monday, September 18th. Sanford C. Bernstein set a $203.00 target price on Netflix and gave the company a “buy” rating in a report on Monday, September 18th. Buckingham Research began coverage on Netflix in a report on Thursday, September 21st. They set a “buy” rating and a $214.00 target price for the company. Finally, UBS Group restated a “buy” rating and set a $225.00 target price (up previously from $190.00) on shares of Netflix in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $211.51.

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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.

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

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