Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $187.79, for a total value of $187,790.00. Following the sale, the director now owns 7,198 shares of the company’s stock, valued at $1,351,712.42. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Netflix, Inc. (NASDAQ NFLX) traded up 1.13% on Wednesday, reaching $189.08. 4,479,290 shares of the company’s stock were exchanged. Netflix, Inc. has a 1-year low of $90.50 and a 1-year high of $189.70. The stock’s 50-day moving average price is $160.73 and its 200-day moving average price is $150.08. The company has a market capitalization of $81.64 billion, a P/E ratio of 230.02 and a beta of 0.98.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm’s revenue was up 32.3% compared to the same quarter last year. Analysts anticipate that Netflix, Inc. will post $1.16 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after buying an additional 921,283 shares in the last quarter. FMR LLC raised its stake in Netflix by 6.6% in the first quarter. FMR LLC now owns 21,027,506 shares of the Internet television network’s stock worth $3,108,076,000 after buying an additional 1,305,294 shares in the last quarter. State Street Corp raised its stake in Netflix by 2.7% in the first quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock worth $2,591,946,000 after buying an additional 463,143 shares in the last quarter. Jennison Associates LLC raised its stake in Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock worth $1,913,727,000 after buying an additional 2,279,835 shares in the last quarter. Finally, Baillie Gifford & Co. raised its stake in Netflix by 3.2% in the first quarter. Baillie Gifford & Co. now owns 7,593,097 shares of the Internet television network’s stock worth $1,122,336,000 after buying an additional 234,664 shares in the last quarter. Institutional investors and hedge funds own 82.82% of the company’s stock.

NFLX has been the topic of several recent research reports. Instinet restated a “buy” rating on shares of Netflix in a report on Friday, June 2nd. Canaccord Genuity boosted their target price on Netflix from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, June 16th. Bank of America Corporation restated a “buy” rating and set a $184.00 target price (up from $154.00) on shares of Netflix in a report on Tuesday, April 18th. Pacific Crest restated an “overweight” rating and set a $170.00 target price on shares of Netflix in a report on Friday, April 7th. Finally, Morgan Stanley restated an “overweight” rating and set a $185.00 target price (up from $175.00) on shares of Netflix in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Netflix has an average rating of “Buy” and an average price target of $173.58.

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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