Netflix (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $321.85, for a total value of $225,295.00. Following the transaction, the director now owns 7,353 shares in the company, valued at approximately $2,366,563.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ:NFLX traded down $5.12 during trading hours on Friday, reaching $288.85. The company had a trading volume of 11,362,261 shares, compared to its average volume of 11,324,225. Netflix has a 1-year low of $138.66 and a 1-year high of $333.98. The company has a market capitalization of $125,385.06, a PE ratio of 231.08, a PEG ratio of 3.97 and a beta of 0.99. 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 (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the company posted $0.15 earnings per share. Netflix’s revenue for the quarter was up 32.6% on a year-over-year basis. equities research analysts predict that Netflix will post 2.73 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in NFLX. Ark Investment Management LLC lifted its holdings in Netflix by 37.4% in the second quarter. Ark Investment Management LLC now owns 62,715 shares of the Internet television network’s stock valued at $9,370,000 after acquiring an additional 17,064 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Netflix by 7.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 96,162 shares of the Internet television network’s stock valued at $17,439,000 after buying an additional 7,006 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Netflix in the third quarter valued at approximately $400,000. Gamco Investors INC. ET AL purchased a new stake in shares of Netflix in the third quarter valued at approximately $601,000. Finally, Gabelli Funds LLC purchased a new stake in shares of Netflix in the third quarter valued at approximately $4,280,000. 81.62% of the stock is owned by 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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