Insider Selling: Netflix, Inc. (NFLX) Director Sells 700 Shares of Stock

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Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $420.57, for a total value of $294,399.00. Following the transaction, the director now owns 7,393 shares in the company, valued at $3,109,274.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Netflix traded down $4.35, reaching $411.09, during trading on Friday, Marketbeat.com reports. The stock had a trading volume of 10,410,039 shares, compared to its average volume of 9,402,345. Netflix, Inc. has a 52 week low of $144.25 and a 52 week high of $423.21. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $180.59 billion, a P/E ratio of 328.87, a price-to-earnings-growth ratio of 5.40 and a beta of 1.00.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. Netflix’s quarterly revenue was up 40.3% compared to the same quarter last year. analysts forecast that Netflix, Inc. will post 2.89 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Netflix by 4.2% in the first quarter. BlackRock Inc. now owns 26,816,614 shares of the Internet television network’s stock valued at $7,920,289,000 after acquiring an additional 1,069,420 shares during the last quarter. Baillie Gifford & Co. raised its position in Netflix by 12.0% in the 1st quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock worth $2,302,183,000 after purchasing an additional 837,285 shares during the last quarter. Geode Capital Management LLC raised its position in Netflix by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 4,400,513 shares of the Internet television network’s stock worth $842,878,000 after purchasing an additional 143,321 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Netflix by 2.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,565,543 shares of the Internet television network’s stock worth $757,733,000 after purchasing an additional 59,075 shares during the last quarter. Finally, Tybourne Capital Management HK Ltd. raised its position in Netflix by 43.4% in the 4th quarter. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network’s stock worth $321,187,000 after purchasing an additional 506,700 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Several equities analysts have weighed in on NFLX shares. Vetr lowered Netflix from a “hold” rating to a “sell” rating and set a $300.13 target price on the stock. in a report on Monday, March 26th. Zacks Investment Research upgraded Netflix from a “hold” rating to a “buy” rating and set a $329.00 target price on the stock in a report on Friday, April 6th. Oppenheimer restated a “buy” rating and set a $370.00 target price on shares of Netflix in a report on Thursday, June 14th. Bank of America raised their target price on Netflix from $300.00 to $347.00 and gave the company a “buy” rating in a report on Tuesday, April 17th. Finally, Citigroup raised their target price on Netflix from $250.00 to $305.00 and gave the company a “neutral” rating in a report on Wednesday, March 28th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and an average target price of $300.45.

About Netflix

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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