Netflix, Inc. (NASDAQ:NFLX) insider Theodore A. Sarandos sold 163,747 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total value of $43,050,723.77. Following the completion of the transaction, the insider now owns 23,953 shares in the company, valued at $6,297,483.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Netflix, Inc. (NASDAQ:NFLX) opened at $249.47 on Friday. The company has a market capitalization of $107,980.00, a PE ratio of 199.58, a PEG ratio of 3.49 and a beta of 1.04. Netflix, Inc. has a twelve month low of $138.26 and a twelve month high of $286.81. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 earnings per share. sell-side analysts anticipate that Netflix, Inc. will post 2.69 EPS for the current year.
Several research analysts have recently issued reports on NFLX shares. Aegis started coverage on Netflix in a research report on Monday, October 16th. They issued a “hold” rating and a $200.00 price target on the stock. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price target on shares of Netflix in a research report on Monday, October 16th. Jefferies Group set a $190.00 price target on Netflix and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. Wedbush set a $93.00 price target on Netflix and gave the stock a “sell” rating in a research report on Tuesday, October 17th. Finally, FBR & Co restated a “buy” rating and issued a $207.00 price target (up from $172.00) on shares of Netflix in a research report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirty-five have issued a buy rating and one has issued a strong buy rating to the stock. Netflix currently has a consensus rating of “Buy” and a consensus target price of $237.39.
Large investors have recently added to or reduced their stakes in the stock. Balentine LLC increased its position 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 acquiring an additional 500 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in shares of Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after acquiring an additional 200 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $149,000. Goodman Financial Corp acquired a new stake in shares of Netflix in the fourth quarter valued at about $163,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at about $171,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.
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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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