Netflix Inc. (NFLX) Director Richard N. Barton Sells 700 Shares
Netflix Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of the company’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $98.78, for a total transaction of $69,146.00. Following the sale, the director now directly owns 15,562 shares of the company’s stock, valued at approximately $1,537,214.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Netflix Inc. (NASDAQ:NFLX) traded down 3.43% during midday trading on Wednesday, reaching $94.88. The company’s stock had a trading volume of 20,042,236 shares. Netflix Inc. has a 1-year low of $79.95 and a 1-year high of $133.27. The firm has a market cap of $40.68 billion, a price-to-earnings ratio of 296.50 and a beta of 1.71. The company has a 50 day moving average price of $96.62 and a 200 day moving average price of $96.19.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 18th. The Internet television network reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company posted $0.06 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts expect that Netflix Inc. will post $0.29 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Concorde Asset Management LLC raised its position in Netflix by 0.5% in the second quarter. Concorde Asset Management LLC now owns 4,205 shares of the Internet television network’s stock valued at $385,000 after buying an additional 20 shares during the period. Coconut Grove Bank raised its stake in shares of Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock worth $140,000 after buying an additional 26 shares during the last quarter. Conning Inc. raised its stake in shares of Netflix by 0.3% in the second quarter. Conning Inc. now owns 10,915 shares of the Internet television network’s stock worth $999,000 after buying an additional 30 shares during the last quarter. Mycio Wealth Partners LLC raised its stake in shares of Netflix by 1.5% in the second quarter. Mycio Wealth Partners LLC now owns 2,348 shares of the Internet television network’s stock worth $215,000 after buying an additional 35 shares during the last quarter. Finally, Nwam LLC raised its stake in shares of Netflix by 1.4% in the second quarter. Nwam LLC now owns 3,734 shares of the Internet television network’s stock worth $342,000 after buying an additional 50 shares during the last quarter. 78.43% of the stock is currently owned by institutional investors.
Several research firms have recently commented on NFLX. Jefferies Group reaffirmed an “underperform” rating and set a $76.00 price target (down previously from $80.00) on shares of Netflix in a research report on Sunday, July 17th. Wedbush reaffirmed an “underperform” rating and set a $50.00 price target (up previously from $45.00) on shares of Netflix in a research report on Sunday, July 17th. SunTrust Banks Inc. reaffirmed a “hold” rating on shares of Netflix in a research report on Sunday, July 17th. BTIG Research reiterated a “buy” rating and set a $130.00 price objective (down from $150.00) on shares of Netflix in a research note on Sunday, July 17th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $140.00 price objective on shares of Netflix in a research note on Tuesday, May 31st. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $110.46.
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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