Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $194.29, for a total transaction of $136,003.00. Following the sale, the director now directly owns 7,393 shares in the company, valued at approximately $1,436,385.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Netflix, Inc. (NFLX) traded down $2.31 during trading hours on Friday, hitting $193.20. 3,753,775 shares of the stock were exchanged, compared to its average volume of 6,689,170. The company has a market cap of $84,600.00, a price-to-earnings ratio of 197.69, a price-to-earnings-growth ratio of 5.75 and a beta of 1.39. Netflix, Inc. has a 1 year low of $113.51 and a 1 year high of $204.38. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. Netflix’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. research analysts forecast that Netflix, Inc. will post 1.28 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the company. Balentine LLC increased its holdings 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 worth $100,000 after buying an additional 500 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in shares of Netflix in the 2nd quarter worth $101,000. TD Capital Management LLC bought a new position in shares of Netflix in the 2nd quarter worth $105,000. Aviance Capital Management LLC bought a new position in shares of Netflix in the 2nd quarter worth $137,000. Finally, Captrust Financial Advisors bought a new position in shares of Netflix during the 2nd quarter valued at $139,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on NFLX. Jefferies Group LLC set a $190.00 price target on shares of Netflix and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Wedbush set a $93.00 price target on shares of Netflix and gave the stock a “sell” rating in a report on Tuesday, October 17th. FBR & Co reiterated a “buy” rating and set a $207.00 price target (up previously from $172.00) on shares of Netflix in a report on Tuesday, October 17th. Royal Bank Of Canada lifted their price target on shares of Netflix from $210.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, October 17th. Finally, Pivotal Research lifted their price target on shares of Netflix from $200.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirty-two have given a buy rating to the company. Netflix currently has an average rating of “Buy” and a consensus price target of $207.20.
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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