Netflix, Inc. (NASDAQ:NFLX) insider Jonathan Friedland sold 1,217 shares of Netflix stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $193.34, for a total value of $235,294.78. Following the transaction, the insider now owns 1,217 shares of the company’s stock, valued at $235,294.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Jonathan Friedland also recently made the following trade(s):
- On Tuesday, October 17th, Jonathan Friedland sold 3,617 shares of Netflix stock. The shares were sold at an average price of $203.35, for a total value of $735,516.95.
- On Friday, October 6th, Jonathan Friedland sold 3,622 shares of Netflix stock. The shares were sold at an average price of $194.89, for a total value of $705,891.58.
- On Wednesday, July 19th, Jonathan Friedland sold 2,496 shares of Netflix stock. The shares were sold at an average price of $182.17, for a total value of $454,696.32.
Netflix, Inc. (NASDAQ:NFLX) traded down 2.45% during mid-day trading on Wednesday, reaching $194.60. The company’s stock had a trading volume of 8,500,439 shares. The firm has a market capitalization of $84.02 billion, a PE ratio of 236.74 and a beta of 1.09. Netflix, Inc. has a 12 month low of $98.38 and a 12 month high of $200.82. The stock’s 50-day moving average is $183.35 and its 200-day moving average is $165.87.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 15.06%. Netflix’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. On average, equities analysts anticipate that Netflix, Inc. will post $1.25 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in NFLX. Almanack Investment Partners LLC. bought a new position in Netflix in the second quarter valued at $101,000. TD Capital Management LLC bought a new position in Netflix in the second quarter valued at $105,000. SRS Capital Advisors Inc. grew its position in shares of Netflix by 3,361.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after acquiring an additional 706 shares during the period. Harfst & Associates Inc. bought a new position in shares of Netflix in the 1st quarter valued at about $109,000. Finally, Aviance Capital Management LLC bought a new position in shares of Netflix in the 2nd quarter valued at about $137,000. 81.02% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on the company. Bank of America Corporation raised their price objective on Netflix from $199.00 to $225.00 in a report on Tuesday. Goldman Sachs Group, Inc. (The) set a $175.00 price objective on Netflix and gave the company a “buy” rating in a report on Wednesday, June 28th. Guggenheim reissued a “buy” rating and issued a $180.00 price objective (up from $175.00) on shares of Netflix in a report on Tuesday, June 20th. Vetr lowered Netflix from a “strong-buy” rating to a “buy” rating and set a $167.28 price objective on the stock. in a report on Monday, July 10th. Finally, MKM Partners reissued a “buy” rating and issued a $195.00 price objective on shares of Netflix in a report on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $199.03.
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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