David B. Wells Sells 500 Shares of Netflix Inc. (NFLX) Stock
Netflix Inc. (NASDAQ:NFLX) CFO David B. Wells sold 500 shares of Netflix stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $122.83, for a total transaction of $61,415.00. Following the completion of the sale, the chief financial officer now owns 500 shares of the company’s stock, valued at approximately $61,415. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Netflix Inc. (NASDAQ:NFLX) opened at 114.78 on Monday. The company has a market cap of $49.26 billion, a P/E ratio of 310.22 and a beta of 1.81. Netflix Inc. has a 12-month low of $79.95 and a 12-month high of $133.27. The firm has a 50-day moving average price of $112.44 and a 200-day moving average price of $99.09.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 17th. The Internet television network reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.06. The firm earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Netflix had a return on equity of 6.31% and a net margin of 1.99%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. On average, equities research analysts forecast that Netflix Inc. will post $0.40 earnings per share for the current fiscal year.
Several research firms have recently weighed in on NFLX. Vetr upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $124.54 price objective for the company in a research note on Thursday. Loop Capital lifted their price objective on shares of Netflix from $133.00 to $151.00 and gave the company a “buy” rating in a research note on Thursday. FBR & Co reiterated a “market perform” rating and issued a $100.00 price objective on shares of Netflix in a research note on Sunday, October 30th. Cantor Fitzgerald reiterated a “buy” rating and issued a $135.00 price objective on shares of Netflix in a research note on Thursday, October 27th. Finally, Guggenheim reiterated a “buy” rating and issued a $140.00 price objective (up previously from $135.00) on shares of Netflix in a research note on Wednesday, October 26th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $117.44.
Several institutional investors have recently made changes to their positions in NFLX. Cornerstone Advisors Inc. boosted its position in shares of Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock worth $102,000 after buying an additional 228 shares during the period. Signature Estate & Investment Advisors LLC bought a new position in shares of Netflix during the second quarter worth approximately $124,000. Quadrant Capital Group LLC boosted its position in shares of Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock worth $126,000 after buying an additional 194 shares during the period. Coconut Grove Bank boosted its position in shares of Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock worth $140,000 after buying an additional 26 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of 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 worth $155,000 after buying an additional 224 shares during the period. Hedge funds and other institutional investors own 77.56% of the company’s stock.
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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