Netflix, Inc. (NFLX) Director Richard N. Barton Sells 350 Shares

Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 350 shares of Netflix stock in a transaction dated Thursday, December 7th. The shares were 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 $1,331,726.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Netflix, Inc. (NASDAQ:NFLX) traded down $0.10 during midday trading on Thursday, reaching $185.20. 4,657,359 shares of the company’s stock traded hands, compared to its average volume of 6,655,096. 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, Inc. has a 1-year low of $121.73 and a 1-year high of $204.38. The company has a market cap of $79,713.40, a price-to-earnings ratio of 186.07, a PEG ratio of 5.47 and a beta of 1.33.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The business 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%. The firm’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. research analysts expect that Netflix, Inc. will post 1.26 EPS for the current year.

A number of research analysts have recently issued reports on the stock. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $165.09 price objective for the company in a report on Wednesday, August 16th. B. Riley reiterated a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price objective on shares of Netflix in a report on Wednesday, August 16th. Wedbush restated a “hold” rating and set a $190.00 price target (up from $180.00) on shares of Netflix in a report on Wednesday, October 18th. Finally, Jefferies Group restated a “hold” rating and set a $165.00 price target (down from $171.80) on shares of Netflix in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and a consensus price target of $209.65.

A number of large investors have recently added to or reduced their stakes in NFLX. Steward Partners Investment Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter valued at about $171,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Netflix by 0.3% in the third quarter. Public Employees Retirement System of Ohio now owns 285,901 shares of the Internet television network’s stock worth $51,848,000 after buying an additional 877 shares during the last quarter. Truepoint Inc. boosted its holdings in shares of Netflix by 18,035.0% in the third quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock worth $402,000 after buying an additional 400,197 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of Netflix by 161.0% in the third quarter. Salem Investment Counselors Inc. now owns 15,967 shares of the Internet television network’s stock worth $2,837,000 after buying an additional 9,850 shares during the last quarter. Finally, Moors & Cabot Inc. purchased a new position in shares of Netflix in the third quarter worth approximately $215,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

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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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