Netflix, Inc. (NASDAQ:NFLX) Insider Jonathan Friedland Sells 3,180 Shares

Netflix, Inc. (NASDAQ:NFLX) insider Jonathan Friedland sold 3,180 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $211.64, for a total transaction of $673,015.20. Following the completion of the transaction, the insider now owns 1,032 shares in the company, valued at approximately $218,412.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jonathan Friedland also recently made the following trade(s):

  • On Friday, January 12th, Jonathan Friedland sold 995 shares of Netflix stock. The stock was sold at an average price of $219.92, for a total transaction of $218,820.40.
  • On Wednesday, January 3rd, Jonathan Friedland sold 2,743 shares of Netflix stock. The shares were sold at an average price of $205.59, for a total transaction of $563,933.37.
  • 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 transaction of $735,516.95.

Shares of Netflix, Inc. (NASDAQ:NFLX) traded up $0.30 on Tuesday, reaching $221.53. 13,490,400 shares of the company were exchanged, compared to its average volume of 6,260,000. Netflix, Inc. has a one year low of $130.58 and a one year high of $226.07. The company has a market cap of $95,860.00, a price-to-earnings ratio of 223.77, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates 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 14.56%. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS. equities analysts predict that Netflix, Inc. will post 1.25 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC increased its position in Netflix by 0.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after purchasing an additional 10 shares during the period. Kalos Management Inc. grew its position in shares of Netflix by 0.7% in the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after buying an additional 12 shares during the last quarter. Laurel Wealth Advisors Inc. grew its position in shares of Netflix by 1.6% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock worth $515,000 after buying an additional 53 shares during the last quarter. Sii Investments Inc. WI grew its position in shares of Netflix by 2.1% in the 2nd quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock worth $460,000 after buying an additional 64 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Netflix by 2.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock worth $464,000 after buying an additional 65 shares during the last quarter. 83.27% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on NFLX shares. Jefferies Group set a $165.00 price target on shares of Netflix and gave the stock a “neutral” rating in a research report on Monday, September 18th. Sanford C. Bernstein set a $203.00 price target on shares of Netflix and gave the stock a “buy” rating in a research report on Monday, September 18th. Piper Jaffray Companies reiterated a “buy” rating and issued a $215.00 price target on shares of Netflix in a research report on Monday, September 18th. Vetr downgraded shares of Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 price target on the stock. in a research report on Monday, September 18th. Finally, Hanson reissued a “neutral” rating and issued a $140.00 price objective on shares of Netflix in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $212.11.

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About Netflix

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.

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

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