Richard N. Barton Sells 350 Shares of Netflix, Inc. (NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 350 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $263.00, for a total transaction of $92,050.00. Following the transaction, the director now owns 7,332 shares in the company, valued at $1,928,316. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Netflix, Inc. (NASDAQ NFLX) opened at $274.60 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.20 and a current ratio of 1.40. The stock has a market cap of $118,827.97, a P/E ratio of 219.68, a P/E/G ratio of 3.85 and a beta of 1.34. Netflix, Inc. has a one year low of $138.26 and a one year high of $274.60.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 earnings per share. research analysts forecast that Netflix, Inc. will post 2.67 EPS for the current fiscal year.

NFLX has been the topic of several recent analyst reports. Bank of America upped their target price on shares of Netflix from $199.00 to $225.00 in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $207.00 target price on the stock in a research report on Friday, October 6th. UBS Group restated a “buy” rating and set a $225.00 target price (up from $190.00) on shares of Netflix in a research report on Wednesday, October 4th. KeyCorp restated a “buy” rating and set a $206.00 target price on shares of Netflix in a research report on Thursday, October 5th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $205.00 target price on shares of Netflix in a research report on Thursday, October 5th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $235.36.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC lifted its stake in shares of Netflix by 0.6% during the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after buying an additional 10 shares during the period. Kalos Management Inc. lifted its stake in shares of Netflix by 0.7% during the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after buying an additional 12 shares during the period. Laurel Wealth Advisors Inc. lifted its stake in shares of Netflix by 1.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock valued at $515,000 after buying an additional 53 shares during the period. Sii Investments Inc. WI lifted its stake in shares of Netflix by 2.1% during the second quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock valued at $460,000 after buying an additional 64 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in shares of Netflix by 2.1% during the second quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock valued at $464,000 after buying an additional 65 shares during the period. 83.30% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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