Investors Sell Netflix (NFLX) on Strength (NFLX)

Traders sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading hours on Tuesday. $468.91 million flowed into the stock on the tick-up and $547.68 million flowed out of the stock on the tick-down, for a money net flow of $78.77 million out of the stock. Of all companies tracked, Netflix had the 5th highest net out-flow for the day. Netflix traded up $0.32 for the day and closed at $258.27

NFLX has been the topic of several research reports. Loop Capital lifted their target price on Netflix from $228.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $255.00 target price (up from $235.00) on shares of Netflix in a report on Thursday, January 18th. Canaccord Genuity reaffirmed a “buy” rating and issued a $280.00 target price (up from $225.00) on shares of Netflix in a report on Tuesday, January 23rd. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $250.00 target price (up from $230.00) on shares of Netflix in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. set a $242.00 target price on Netflix and gave the stock a “buy” rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $237.49.

The company has a market cap of $112,080.00, a PE ratio of 206.62, a PEG ratio of 3.48 and a beta of 1.04. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. sell-side analysts predict that Netflix, Inc. will post 2.69 earnings per share for the current year.

In other Netflix news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $193.30, for a total transaction of $193,300.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares in the company, valued at $193,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 350 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the transaction, the director now owns 7,171 shares of the company’s stock, valued at approximately $1,331,726.41. The disclosure for this sale can be found here. Insiders have sold 459,885 shares of company stock valued at $105,163,627 in the last 90 days. Company insiders own 4.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of NFLX. Ark Investment Management LLC raised its stake in shares of Netflix by 37.4% during the second quarter. Ark Investment Management LLC now owns 62,715 shares of the Internet television network’s stock valued at $9,370,000 after acquiring an additional 17,064 shares in the last quarter. Numeric Investors LLC bought a new stake in shares of Netflix during the second quarter valued at approximately $433,000. Macquarie Group Ltd. raised its stake in shares of Netflix by 2.2% during the second quarter. Macquarie Group Ltd. now owns 40,258 shares of the Internet television network’s stock valued at $6,015,000 after acquiring an additional 882 shares in the last quarter. Sterling Capital Management LLC bought a new stake in shares of Netflix during the second quarter valued at approximately $254,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Netflix during the second quarter valued at approximately $787,000. 82.38% of the stock is owned by hedge funds and other institutional investors.

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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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