Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of Netflix stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $279.75, for a total value of $195,825.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded up $2.49 during midday trading on Wednesday, hitting $281.04. The company had a trading volume of 9,346,761 shares, compared to its average volume of 11,250,000. The firm has a market cap of $121,960.00, a PE ratio of 196.53, a PEG ratio of 3.82 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, Inc. has a 1 year low of $138.26 and a 1 year high of $286.81.
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 analysts’ consensus estimates of $0.41. The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The business’s revenue was up 32.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. research analysts forecast that Netflix, Inc. will post 2.73 EPS for the current year.
A number of equities research analysts have commented on NFLX shares. MKM Partners lifted their target price on Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Wedbush set a $93.00 price objective on Netflix and gave the company a “sell” rating in a report on Friday, January 19th. Goldman Sachs Group set a $315.00 price objective on Netflix and gave the company a “buy” rating in a report on Friday, January 19th. Bank of America boosted their price objective on Netflix from $225.00 to $199.00 and gave the company a “buy” rating in a report on Friday, December 1st. Finally, Macquarie upgraded Netflix from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $200.00 to $220.00 in a report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. Netflix currently has a consensus rating of “Buy” and an average price target of $240.15.
Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. Balentine LLC boosted its position in shares of Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after purchasing an additional 500 shares during the period. James Hambro & Partners acquired a new stake in shares of Netflix in the 4th quarter valued at about $106,000. Duncker Streett & Co. Inc. boosted its position in shares of Netflix by 47.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after purchasing an additional 200 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Netflix in the 4th quarter valued at about $149,000. Finally, Goodman Financial Corp purchased a new stake in Netflix during the 4th quarter valued at approximately $163,000. 82.23% 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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