Netflix, Inc. (NASDAQ:NFLX) General Counsel David A. Hyman sold 63,378 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the completion of the sale, the general counsel now directly owns 43,071 shares of the company’s stock, valued at approximately $8,566,821.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Netflix, Inc. (NASDAQ:NFLX) traded down 0.98% during trading on Tuesday, reaching $196.43. 5,518,595 shares of the company’s stock traded hands. Netflix, Inc. has a 1-year low of $110.68 and a 1-year high of $204.38. The firm has a market capitalization of $84.94 billion, a PE ratio of 196.23 and a beta of 1.09. The firm has a 50 day moving average of $189.64 and a 200 day moving average of $169.99.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. Equities analysts forecast that Netflix, Inc. will post $1.25 EPS for the current year.

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Several analysts have issued reports on the stock. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $205.00 price objective (up previously from $165.00) on shares of Netflix in a research note on Tuesday, July 18th. Stifel Nicolaus raised their price objective on shares of Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $225.00 price objective (up previously from $210.00) on shares of Netflix in a research note on Friday, October 13th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $210.19 price objective for the company in a research note on Thursday, October 19th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $190.00 price objective on shares of Netflix in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $207.20.

Several large investors have recently bought and sold shares of NFLX. OppenheimerFunds Inc. increased its position in shares of Netflix by 1.6% during the 1st quarter. OppenheimerFunds Inc. now owns 7,528 shares of the Internet television network’s stock worth $1,113,000 after purchasing an additional 117 shares during the last quarter. Miles Capital Inc. increased its position in shares of Netflix by 13.8% during the 1st quarter. Miles Capital Inc. now owns 3,243 shares of the Internet television network’s stock worth $479,000 after purchasing an additional 393 shares during the last quarter. Lee Capital Management LP increased its position in shares of Netflix by 28.6% during the 1st quarter. Lee Capital Management LP now owns 9,000 shares of the Internet television network’s stock worth $1,330,000 after purchasing an additional 2,000 shares during the last quarter. Nicholas Investment Partners LP increased its position in shares of Netflix by 66.8% during the 1st quarter. Nicholas Investment Partners LP now owns 35,680 shares of the Internet television network’s stock worth $5,273,000 after purchasing an additional 14,291 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Netflix by 5.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,303,019 shares of the Internet television network’s stock worth $192,600,000 after purchasing an additional 72,638 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Company Profile

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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