Richard N. Barton Sells 700 Shares of Netflix (NFLX) Stock

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.

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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.

NFLX has been the topic of several research reports. Vetr lowered Netflix from a “hold” rating to a “sell” rating and set a $300.13 price target on the stock. in a research note on Monday, March 26th. Credit Suisse Group set a $224.00 price target on Netflix and gave the company a “neutral” rating in a research note on Monday, January 8th. Wedbush restated an “underperform” rating and set a $110.00 price target (up previously from $93.00) on shares of Netflix in a research note on Tuesday, January 23rd. Loop Capital raised their price target on Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, Citigroup raised their price target on Netflix from $250.00 to $305.00 and gave the company a “neutral” rating in a research note on Wednesday, March 28th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $257.79.

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.

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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.

Insider Buying and Selling by Quarter for Netflix (NASDAQ:NFLX)

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