Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Friday, April 7th. The shares were sold at an average price of $143.90, for a total transaction of $287,800.00. Following the completion of the transaction, the director now owns 8,012 shares in the company, valued at $1,152,926.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Netflix, Inc. (NASDAQ:NFLX) traded up 1.20% on Friday, hitting $142.87. 6,241,888 shares of the stock were exchanged. The company’s 50 day moving average price is $143.46 and its 200-day moving average price is $130.69. The company has a market cap of $61.49 billion, a P/E ratio of 332.26 and a beta of 1.27. Netflix, Inc. has a one year low of $84.50 and a one year high of $148.29.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. The firm earned $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Netflix had a return on equity of 7.51% and a net margin of 2.11%. Netflix’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same period last year, the business earned $0.06 earnings per share. Equities research analysts predict that Netflix, Inc. will post $1.05 EPS for the current fiscal year.
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A number of research firms have issued reports on NFLX. Guggenheim increased their target price on shares of Netflix from $160.00 to $173.00 and gave the stock a “buy” rating in a report on Tuesday. Cowen and Company reiterated an “outperform” rating and set a $170.00 target price on shares of Netflix in a report on Tuesday. Instinet reiterated a “buy” rating and set a $165.00 target price on shares of Netflix in a report on Tuesday. Jefferies Group LLC increased their target price on shares of Netflix from $135.00 to $141.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Cantor Fitzgerald increased their target price on shares of Netflix from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and an average target price of $145.35.
Hedge funds and other institutional investors have recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $114,000. Intellectus Partners LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $117,000. CENTRAL TRUST Co boosted its position in shares of Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock valued at $125,000 after buying an additional 682 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Netflix by 3.6% in the third quarter. Quadrant Capital Group LLC now owns 1,528 shares of the Internet television network’s stock valued at $139,000 after buying an additional 53 shares during the period. Finally, Cornerstone Advisors Inc. boosted its position in shares of Netflix by 49.7% in the third quarter. Cornerstone Advisors Inc. now owns 1,674 shares of the Internet television network’s stock valued at $165,000 after buying an additional 556 shares during the period. 80.42% of the stock is owned by hedge funds and other institutional investors.
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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