Insider Selling: Netflix, Inc. (NFLX) Insider Sells 163,747 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) insider Theodore A. Sarandos sold 163,747 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the completion of the transaction, the insider now owns 23,953 shares of the company’s stock, valued at $6,297,483.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Netflix, Inc. (NASDAQ:NFLX) traded down $0.63 during mid-day trading on Friday, reaching $249.47. 16,901,390 shares of the company traded hands, compared to its average volume of 10,640,000. The stock has a market capitalization of $107,950.00, a PE ratio of 199.58, a P/E/G ratio of 3.69 and a beta of 1.04. Netflix, Inc. has a 52 week low of $138.26 and a 52 week 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 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company’s revenue was up 32.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. analysts predict that Netflix, Inc. will post 2.69 EPS for the current year.

Several research analysts recently issued reports on NFLX shares. Bank of America upped their target price on shares of Netflix from $199.00 to $225.00 in a research report on Tuesday, October 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 target price on shares of Netflix in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $219.00 target price for the company in a research report on Friday, October 13th. Goldman Sachs Group reiterated a “buy” rating and issued a $235.00 target price (up from $200.00) on shares of Netflix in a research report on Friday, October 13th. Finally, Cowen reiterated a “buy” rating and issued a $215.00 target price on shares of Netflix in a research report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $237.51.

Several institutional investors have recently modified their holdings of NFLX. Ark Investment Management LLC boosted its stake in shares of Netflix by 37.4% during the 2nd quarter. Ark Investment Management LLC now owns 62,715 shares of the Internet television network’s stock worth $9,370,000 after acquiring an additional 17,064 shares during the last quarter. Numeric Investors LLC purchased a new position in shares of Netflix during the 2nd quarter worth $433,000. QS Investors LLC boosted its stake in shares of Netflix by 9.4% during the 2nd quarter. QS Investors LLC now owns 8,060 shares of the Internet television network’s stock worth $1,204,000 after acquiring an additional 695 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Netflix by 2.2% during the 2nd quarter. Macquarie Group Ltd. now owns 40,258 shares of the Internet television network’s stock worth $6,015,000 after acquiring an additional 882 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Netflix by 881.6% during the 2nd quarter. Bank of Nova Scotia now owns 97,299 shares of the Internet television network’s stock worth $14,538,000 after acquiring an additional 87,387 shares during the last quarter. 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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