Netflix, Inc. (NFLX) Director Richard N. Barton Sells 2,000 Shares of Stock
Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $144.85, for a total transaction of $289,700.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,160,538.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 0.46% during mid-day trading on Monday, hitting $145.78. 2,726,459 shares of the stock were exchanged. The firm has a 50-day moving average price of $142.28 and a 200 day moving average price of $122.90. Netflix, Inc. has a 12-month low of $84.50 and a 12-month high of $146.50. The company has a market capitalization of $62.75 billion, a PE ratio of 339.02 and a beta of 1.27.
Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, January 18th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The business earned $2.48 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the business earned $0.10 EPS. Netflix’s revenue for the quarter was up 35.9% compared to the same quarter last year. On average, equities research analysts expect that Netflix, Inc. will post $1.13 earnings per share for the current year.
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A number of hedge funds have recently bought and sold shares of the company. First New York Securities LLC NY acquired a new stake in Netflix during the third quarter worth about $212,000. National Pension Service boosted its stake in Netflix by 8.7% in the third quarter. National Pension Service now owns 272,049 shares of the Internet television network’s stock worth $26,810,000 after buying an additional 21,790 shares during the last quarter. Highland Capital Management LLC boosted its stake in Netflix by 218.5% in the third quarter. Highland Capital Management LLC now owns 10,350 shares of the Internet television network’s stock worth $1,020,000 after buying an additional 7,100 shares during the last quarter. Hollencrest Securities LLC acquired a new stake in Netflix during the third quarter worth about $618,000. Finally, Capstone Asset Management Co. boosted its stake in Netflix by 3.3% in the third quarter. Capstone Asset Management Co. now owns 29,406 shares of the Internet television network’s stock worth $2,898,000 after buying an additional 938 shares during the last quarter. 80.42% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on NFLX shares. Brean Capital started coverage on shares of Netflix in a report on Monday, November 21st. They set a “buy” rating and a $145.00 price target for the company. Canaccord Genuity reiterated a “buy” rating and set a $140.00 price objective on shares of Netflix in a research note on Sunday, December 4th. Evercore ISI upgraded shares of Netflix from a “sell” rating to a “hold” rating and increased their price objective for the company from $101.00 to $111.00 in a research note on Tuesday, December 6th. William Blair reiterated an “outperform” rating on shares of Netflix in a research note on Tuesday, December 6th. Finally, Vetr downgraded shares of Netflix from a “buy” rating to a “hold” rating and set a $128.38 price objective on the stock. in a research note on Tuesday, December 6th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $137.84.
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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