Insider Selling: Netflix, Inc. (NFLX) Director Sells 700 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $254.87, for a total value of $178,409.00. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at $1,884,253.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Netflix, Inc. (NASDAQ:NFLX) traded up $11.46 during trading on Tuesday, reaching $265.72. The company had a trading volume of 12,600,000 shares, compared to its average volume of 10,000,000. The company has a market capitalization of $114,990.00, a price-to-earnings ratio of 212.58, a P/E/G ratio of 3.73 and a beta of 1.04. Netflix, Inc. has a 1-year low of $138.26 and a 1-year high of $286.81. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.41. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. Netflix’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share. research analysts anticipate that Netflix, Inc. will post 2.69 EPS for the current fiscal year.

Several analysts recently weighed in on NFLX shares. Loop Capital raised their price objective on Netflix from $228.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $255.00 price objective (up from $235.00) on shares of Netflix in a research note on Thursday, January 18th. Canaccord Genuity reaffirmed a “buy” rating and issued a $280.00 price objective (up from $225.00) on shares of Netflix in a research note on Tuesday, January 23rd. Goldman Sachs Group reaffirmed a “buy” rating and issued a $235.00 price objective (up from $200.00) on shares of Netflix in a research note on Friday, October 13th. Finally, Buckingham Research reaffirmed a “buy” rating and issued a $214.00 price objective on shares of Netflix in a research note on Monday, October 9th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $237.51.

A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC raised its stake in shares of Netflix by 103.9% in the fourth quarter. SG Americas Securities LLC now owns 25,426 shares of the Internet television network’s stock valued at $4,881,000 after buying an additional 675,267 shares during the period. Truepoint Inc. raised its stake in shares of Netflix by 18,035.0% in the third quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock valued at $402,000 after buying an additional 400,197 shares during the period. AGF Investments Inc. bought a new stake in shares of Netflix in the third quarter valued at $60,036,000. American Century Companies Inc. raised its stake in shares of Netflix by 26.9% in the third quarter. American Century Companies Inc. now owns 1,427,160 shares of the Internet television network’s stock valued at $258,815,000 after buying an additional 302,857 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Netflix in the fourth quarter valued at $45,695,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

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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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