Netflix, Inc. (NASDAQ:NFLX) insider Kelly Bennett sold 14,000 shares of the stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $300.00, for a total value of $4,200,000.00. Following the transaction, the insider now owns 1,057 shares of the company’s stock, valued at $317,100. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NASDAQ NFLX opened at $309.10 on Friday. Netflix, Inc. has a 1-year low of $178.38 and a 1-year high of $423.21. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $134.79 billion, a price-to-earnings ratio of 110.79, a P/E/G ratio of 3.92 and a beta of 1.18.
Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.21. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period last year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. Sell-side analysts anticipate that Netflix, Inc. will post 2.63 EPS for the current fiscal year.
Several equities analysts have recently commented on NFLX shares. Loop Capital increased their target price on Netflix from $365.00 to $385.00 in a research note on Wednesday, October 17th. Citigroup reduced their target price on Netflix and set a “neutral” rating for the company in a research note on Monday, October 15th. Imperial Capital reduced their target price on Netflix from $503.00 to $494.00 and set an “outperform” rating for the company in a research note on Monday, August 13th. Canaccord Genuity increased their target price on Netflix from $350.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, July 12th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $470.00 target price on shares of Netflix in a research note on Monday, October 1st. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the stock. Netflix presently has a consensus rating of “Buy” and an average price target of $377.41.
Hedge funds and other institutional investors have recently modified their holdings of the business. MCF Advisors LLC acquired a new stake in Netflix in the third quarter worth $108,000. CSat Investment Advisory L.P. acquired a new stake in Netflix in the second quarter worth $117,000. Guidant Wealth Advisors increased its position in Netflix by 190.5% in the second quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock worth $121,000 after buying an additional 200 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in Netflix in the second quarter worth $124,000. Finally, BerganKDV Wealth Management LLC acquired a new position in shares of Netflix during the second quarter valued at $137,000. 74.05% of the stock is currently owned by hedge funds and other institutional investors.
Netflix Company Profile
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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