Netflix, Inc. (NASDAQ:NFLX) Insider Sells $673,015.20 in Stock

Netflix, Inc. (NASDAQ:NFLX) insider Jonathan Friedland sold 3,180 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $211.64, for a total value of $673,015.20. Following the sale, the insider now directly owns 1,032 shares of the company’s stock, valued at approximately $218,412.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jonathan Friedland also recently made the following trade(s):

  • On Friday, January 12th, Jonathan Friedland sold 995 shares of Netflix stock. The stock was sold at an average price of $219.92, for a total value of $218,820.40.
  • On Wednesday, January 3rd, Jonathan Friedland sold 2,743 shares of Netflix stock. The stock was sold at an average price of $205.59, for a total value of $563,933.37.
  • On Tuesday, October 17th, Jonathan Friedland sold 3,617 shares of Netflix stock. The stock was sold at an average price of $203.35, for a total value of $735,516.95.

Netflix, Inc. (NASDAQ NFLX) opened at $221.53 on Wednesday. The firm has a market capitalization of $95,860.00, a PE ratio of 223.77, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34. Netflix, Inc. has a 52 week low of $131.06 and a 52 week high of $226.07. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. equities research analysts expect that Netflix, Inc. will post 1.25 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Quadrant Capital Group LLC grew its position in shares of Netflix by 0.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after acquiring an additional 10 shares during the period. Kalos Management Inc. grew its position in shares of Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after acquiring an additional 12 shares during the period. Laurel Wealth Advisors Inc. grew its position in shares of Netflix by 1.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock valued at $515,000 after acquiring an additional 53 shares during the period. Sii Investments Inc. WI grew its position in shares of Netflix by 2.1% during the 2nd quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock valued at $460,000 after acquiring an additional 64 shares during the period. Finally, Sunbelt Securities Inc. grew its position in shares of Netflix by 2.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock valued at $464,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 83.27% of the company’s stock.

A number of equities research analysts recently commented on the company. Vetr upgraded Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 target price on the stock in a research report on Tuesday, September 19th. Hanson reiterated a “neutral” rating and issued a $140.00 target price on shares of Netflix in a research report on Wednesday, September 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $210.00 target price on shares of Netflix in a research report on Wednesday, September 20th. Buckingham Research assumed coverage on Netflix in a research report on Thursday, September 21st. They issued a “buy” rating and a $214.00 target price on the stock. Finally, Wells Fargo & Co assumed coverage on Netflix in a research report on Tuesday, September 26th. They issued an “outperform” rating and a $230.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $212.11.

TRADEMARK VIOLATION NOTICE: “Netflix, Inc. (NASDAQ:NFLX) Insider Sells $673,015.20 in Stock” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/17/netflix-inc-nflx-insider-jonathan-friedland-sells-3180-shares.html.

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)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply