Netflix Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,800 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $115.31, for a total transaction of $322,868.00. Following the transaction, the director now directly owns 8,412 shares of the company’s stock, valued at $969,987.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Netflix Inc. (NASDAQ:NFLX) traded up 2.371% during trading on Monday, hitting $117.942. 3,241,372 shares of the stock were exchanged. The stock’s 50 day moving average price is $114.95 and its 200 day moving average price is $99.91. Netflix Inc. has a one year low of $79.95 and a one year high of $133.27. The stock has a market cap of $50.61 billion, a PE ratio of 318.762 and a beta of 1.81.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.06. Netflix had a return on equity of 6.31% and a net margin of 1.99%. The business earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the business earned $0.07 EPS. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. Equities research analysts predict that Netflix Inc. will post $0.40 EPS for the current year.

Insider Buying and Selling by Quarter for Netflix (NASDAQ:NFLX)

A number of brokerages have commented on NFLX. S&P Equity Research reissued a “buy” rating and issued a $128.00 price objective on shares of Netflix in a research note on Thursday, August 25th. Cantor Fitzgerald reissued a “buy” rating on shares of Netflix in a research note on Sunday, August 14th. Vetr cut shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $100.98 price objective for the company. in a research note on Tuesday, August 2nd. Bank of America Corp. reissued a “buy” rating and issued a $146.00 price objective on shares of Netflix in a research note on Friday, August 26th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $110.00 price objective on shares of Netflix in a research note on Friday, August 26th. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $118.48.

Institutional investors have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its position 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 bought a new position in Netflix during the second quarter valued at approximately $124,000. Quadrant Capital Group LLC raised its position 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 raised its position 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. raised its position 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. 77.71% of the stock is currently owned by hedge funds and other institutional investors.

About Netflix

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.

5 Day Chart for NASDAQ:NFLX

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