Richard N. Barton Sells 2,000 Shares of Netflix, Inc. (NFLX) Stock
Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,000 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $179.89, for a total value of $359,780.00. Following the sale, the director now directly owns 7,930 shares in the company, valued at approximately $1,426,527.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Netflix, Inc. (NFLX) traded up 1.23% on Tuesday, reaching $179.19. 3,956,940 shares of the company’s stock traded hands. Netflix, Inc. has a 52-week low of $97.63 and a 52-week high of $191.50. The firm has a market capitalization of $77.37 billion, a PE ratio of 217.99 and a beta of 1.09. The firm’s 50 day moving average price is $176.72 and its 200 day moving average price is $162.91.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. On average, analysts predict that Netflix, Inc. will post $1.17 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Almanack Investment Partners LLC. acquired a new stake in Netflix during the 2nd quarter worth $101,000. TD Capital Management LLC bought a new position in Netflix during the second quarter worth about $105,000. SRS Capital Advisors Inc. lifted its holdings in Netflix by 3,361.9% during the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after acquiring an additional 706 shares in the last quarter. Harfst & Associates Inc. bought a new position in Netflix during the first quarter worth about $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Netflix by 24.2% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 81.03% of the company’s stock.
A number of research firms have issued reports on NFLX. Canaccord Genuity upped their target price on shares of Netflix from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, June 16th. Vetr upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $168.81 price target for the company in a report on Monday, June 12th. Goldman Sachs Group, Inc. (The) set a $175.00 price target on shares of Netflix and gave the stock a “buy” rating in a report on Wednesday, June 28th. Guggenheim reiterated a “buy” rating and set a $180.00 price target (up from $175.00) on shares of Netflix in a report on Tuesday, June 20th. Finally, Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a research report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-nine have given a buy rating to the company’s stock. Netflix has an average rating of “Buy” and a consensus target price of $180.15.
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.
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