Netflix Sees Large Growth in Short Interest (NFLX)
Netflix (NASDAQ:NFLX) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 5,440,205 shares, a growth of 32.5% from the April 15th total of 4,105,862 shares, Analyst Ratings.Net reports. Based on an average trading volume of 5,126,766 shares, the short-interest ratio is currently 1.1 days. Currently, 9.5% of the company’s stock are sold short.
In other Netflix news, Insider Neil Hunt unloaded 5,000 shares of Netflix stock on the open market in a transaction dated Thursday, May 1st. The shares were sold at an average price of $324.05, for a total transaction of $1,620,250.00. Following the completion of the transaction, the insider now directly owns 80,786 shares of the company’s stock, valued at approximately $26,178,703. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
NFLX has been the subject of a number of recent research reports. Analysts at Nomura cut their price target on shares of Netflix from $410.00 to $405.00 in a research note on Wednesday. Separately, analysts at Cantor Fitzgerald upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. They now have a $425.00 price target on the stock, up previously from $405.00. Finally, analysts at Raymond James upgraded shares of Netflix from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 8th. They now have a $450.00 price target on the stock. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $380.97.
Netflix (NASDAQ:NFLX) opened at 351.88 on Thursday. Netflix has a 52 week low of $205.75 and a 52 week high of $458.00. The stock’s 50-day moving average is $341.8 and its 200-day moving average is $371.0. The company has a market cap of $21.092 billion and a P/E ratio of 130.45.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.03. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $0.31 earnings per share. Netflix’s revenue was up 24.0% compared to the same quarter last year. Analysts expect that Netflix will post $4.20 EPS for the current fiscal year.
Netflix, Inc is an Internet television network with more than 33 million members in over 40 countries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.