Netflix Inc. (NFLX) Director Richard N. Barton Sells 2,800 Shares
Netflix Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,800 shares of the business’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $104.27, for a total transaction of $291,956.00. Following the transaction, the director now directly owns 15,254 shares in the company, valued at $1,590,534.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Netflix Inc. (NASDAQ:NFLX) opened at 105.07 on Friday. The firm has a market capitalization of $45.05 billion, a price-to-earnings ratio of 328.34 and a beta of 1.14. The stock has a 50 day moving average price of $97.95 and a 200-day moving average price of $96.30. Netflix Inc. has a 52 week low of $79.95 and a 52 week high of $133.27.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 18th. The Internet television network reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.07. The business earned $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. Netflix had a return on equity of 5.59% and a net margin of 1.85%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. On average, equities research analysts forecast that Netflix Inc. will post $0.28 earnings per share for the current year.
A number of research analysts have recently commented on the stock. FBR & Co reissued a “market perform” rating and set a $90.00 target price on shares of Netflix in a research report on Wednesday. SunTrust Banks Inc. restated a “neutral” rating and issued a $100.00 price target on shares of Netflix in a research note on Wednesday. Loop Capital began coverage on shares of Netflix in a research note on Tuesday. They issued a “buy” rating and a $125.00 price target for the company. Robert W. Baird restated a “neutral” rating and issued a $94.00 price target on shares of Netflix in a research note on Tuesday. Finally, Zacks Investment Research lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have issued a buy rating to the stock. Netflix currently has an average rating of “Hold” and an average price target of $110.97.
A number of hedge funds have recently added to or reduced their stakes in NFLX. Cornerstone Advisors Inc. increased its stake in Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock valued at $102,000 after buying an additional 228 shares during the period. Signature Estate & Investment Advisors LLC purchased a new stake in Netflix during the second quarter valued at about $124,000. Quadrant Capital Group LLC increased its stake in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock valued at $126,000 after buying an additional 194 shares during the period. Coconut Grove Bank increased its stake in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock valued at $140,000 after buying an additional 26 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Netflix by 15.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,690 shares of the Internet television network’s stock valued at $155,000 after buying an additional 224 shares during the period. Institutional investors and hedge funds own 78.43% of the company’s stock.
Netflix Company Profile
Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
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