Netflix Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of the company’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $96.90, for a total value of $67,830.00. Following the completion of the sale, the director now directly owns 15,562 shares of the company’s stock, valued at $1,507,957.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Netflix Inc. (NASDAQ:NFLX) traded down 3.43% during mid-day trading on Wednesday, reaching $94.88. 20,042,236 shares of the company’s stock traded hands. Netflix Inc. has a 52 week low of $79.95 and a 52 week high of $133.27. The company’s 50 day moving average is $96.62 and its 200-day moving average is $96.19. The firm has a market cap of $40.68 billion, a price-to-earnings ratio of 296.50 and a beta of 1.71.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. Netflix had a net margin of 1.85% and a return on equity of 5.59%. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the firm posted $0.06 EPS. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities analysts expect that Netflix Inc. will post $0.29 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Capital Research Global Investors raised its stake in Netflix by 1.5% in the second quarter. Capital Research Global Investors now owns 49,967,802 shares of the Internet television network’s stock worth $4,571,055,000 after buying an additional 761,325 shares during the last quarter. Vanguard Group Inc. raised its stake in Netflix by 2.0% in the second quarter. Vanguard Group Inc. now owns 25,054,115 shares of the Internet television network’s stock worth $2,291,951,000 after buying an additional 484,692 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Netflix by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 10,888,066 shares of the Internet television network’s stock worth $1,113,087,000 after buying an additional 87,431 shares during the last quarter. Baillie Gifford & Co. raised its stake in Netflix by 4.5% in the second quarter. Baillie Gifford & Co. now owns 7,316,440 shares of the Internet television network’s stock worth $669,307,000 after buying an additional 314,275 shares during the last quarter. Finally, Capital World Investors raised its stake in Netflix by 32.4% in the second quarter. Capital World Investors now owns 6,656,926 shares of the Internet television network’s stock worth $608,976,000 after buying an additional 1,630,881 shares during the last quarter. 78.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on NFLX shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $116.00 target price (down from $125.00) on shares of Netflix in a research report on Tuesday, July 19th. MKM Partners decreased their target price on Netflix from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Vetr raised Netflix from a “hold” rating to a “buy” rating and set a $103.71 target price for the company in a research report on Thursday, September 8th. BMO Capital Markets reaffirmed a “market perform” rating and set a $85.00 price objective on shares of Netflix in a research report on Thursday, July 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $120.00 price objective (down from $143.00) on shares of Netflix in a research report on Tuesday, July 19th. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $110.46.

About Netflix

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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