Netflix, Inc. (NASDAQ:NFLX) was the recipient of a significant decrease in short interest in the month of September. As of September 29th, there was short interest totalling 26,579,419 shares, a decrease of 10.3% from the September 15th total of 29,642,691 shares. Based on an average trading volume of 5,656,387 shares, the short-interest ratio is presently 4.7 days. Approximately 6.4% of the shares of the stock are short sold.

Shares of Netflix (NASDAQ:NFLX) opened at 195.86 on Friday. The stock’s 50 day moving average is $181.96 and its 200 day moving average is $165.19. The stock has a market cap of $84.56 billion, a price-to-earnings ratio of 238.27 and a beta of 1.09. Netflix has a 52-week low of $98.38 and a 52-week high of $199.40.

Netflix (NASDAQ:NFLX) last announced its 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 return on equity of 12.82% and a net margin of 3.55%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the business posted $0.09 EPS. The firm’s revenue was up 32.3% compared to the same quarter last year. On average, equities analysts expect that Netflix will post $1.18 earnings per share for the current fiscal year.

In related news, CEO Reed Hastings sold 109,214 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the sale, the chief executive officer now directly owns 109,214 shares in the company, valued at $20,598,852.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan Friedland sold 2,496 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total value of $454,696.32. Following the completion of the sale, the insider now owns 1,232 shares in the company, valued at $224,433.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 318,067 shares of company stock valued at $57,315,706. Corporate insiders own 4.90% of the company’s stock.

A number of large investors have recently bought and sold shares of NFLX. AXA raised its stake in Netflix by 92.0% during the first quarter. AXA now owns 158,400 shares of the Internet television network’s stock worth $23,413,000 after purchasing an additional 75,900 shares during the period. Traynor Capital Management Inc. raised its stake in Netflix by 7.8% during the first quarter. Traynor Capital Management Inc. now owns 34,776 shares of the Internet television network’s stock worth $5,430,000 after purchasing an additional 2,508 shares during the period. Summit Financial Wealth Advisors LLC purchased a new position in Netflix during the first quarter worth approximately $220,000. Municipal Employees Retirement System of Michigan raised its stake in Netflix by 0.9% during the first quarter. Municipal Employees Retirement System of Michigan now owns 15,080 shares of the Internet television network’s stock worth $2,229,000 after purchasing an additional 130 shares during the period. Finally, HCR Wealth Advisors raised its stake in Netflix by 11.1% during the first quarter. HCR Wealth Advisors now owns 2,749 shares of the Internet television network’s stock worth $406,000 after purchasing an additional 275 shares during the period. 81.02% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 target price (up from $200.00) on shares of Netflix in a research report on Friday, October 6th. Wedbush reiterated an “underperform” rating and issued a $180.00 target price (up from $165.00) on shares of Netflix in a research report on Sunday, October 8th. Buckingham Research reiterated a “buy” rating and issued a $214.00 target price on shares of Netflix in a research report on Monday. Loop Capital boosted their target price on Netflix from $212.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday. Finally, MKM Partners reiterated a “buy” rating and issued a $230.00 target price on shares of Netflix in a research report on Monday. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $189.39.

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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.

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