Short Interest in Netflix, Inc. (NFLX) Grows By 7.9%

Netflix, Inc. (NASDAQ:NFLX) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 23,547,077 shares, an increase of 7.9% from the January 12th total of 21,827,296 shares. Currently, 5.6% of the shares of the stock are sold short. Based on an average trading volume of 14,370,506 shares, the short-interest ratio is currently 1.6 days.

A number of analysts have commented on the stock. SunTrust Banks set a $270.00 price target on shares of Netflix and gave the company a “hold” rating in a research note on Wednesday, February 14th. Vetr lowered shares of Netflix from a “buy” rating to a “hold” rating and set a $265.73 price target on the stock. in a research report on Tuesday, February 13th. BidaskClub raised shares of Netflix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 31st. MKM Partners increased their price objective on shares of Netflix from $245.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, UBS Group set a $290.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research note on Thursday, January 25th. Three equities research 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 assigned a strong buy rating to the company. Netflix presently has a consensus rating of “Buy” and an average price target of $239.39.

In related news, insider Theodore A. Sarandos sold 163,747 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $262.91, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 350 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $185.71, for a total transaction 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. Over the last ninety days, insiders sold 468,901 shares of company stock valued at $107,604,303. Insiders own 4.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Kalos Management Inc. boosted its stake in shares of Netflix by 0.7% during the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after purchasing an additional 12 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Netflix by 2.1% during the second quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock valued at $464,000 after purchasing an additional 65 shares during the period. Linscomb & Williams Inc. lifted its stake in Netflix by 4.8% in the second quarter. Linscomb & Williams Inc. now owns 2,719 shares of the Internet television network’s stock worth $406,000 after acquiring an additional 125 shares during the period. Krilogy Financial LLC lifted its stake in Netflix by 14.1% in the second quarter. Krilogy Financial LLC now owns 1,620 shares of the Internet television network’s stock worth $242,000 after acquiring an additional 200 shares during the period. Finally, Duncker Streett & Co. Inc. lifted its stake in Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after acquiring an additional 200 shares during the period. 82.23% of the stock is owned by hedge funds and other institutional investors.

Shares of Netflix (NASDAQ:NFLX) opened at $278.52 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $120,860.00, a PE ratio of 222.82, a PEG ratio of 3.82 and a beta of 1.04. Netflix has a 52-week low of $138.26 and a 52-week high of $286.81.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. Netflix’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. sell-side analysts predict that Netflix will post 2.73 EPS for the current year.

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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.

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