Netflix Inc. (NASDAQ:NFLX) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 28,691,858 shares, a decrease of 6.6% from the October 31st total of 30,711,194 shares. Based on an average trading volume of 8,028,716 shares, the days-to-cover ratio is presently 3.6 days. Currently, 6.9% of the company’s stock are short sold.

Shares of Netflix (NASDAQ:NFLX) opened at 117.00 on Thursday. Netflix has a one year low of $79.95 and a one year high of $133.27. The company has a market capitalization of $50.21 billion, a PE ratio of 316.22 and a beta of 1.81. The company has a 50-day moving average of $117.33 and a 200-day moving average of $101.10.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 17th. The Internet television network reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Netflix had a net margin of 1.99% and a return on equity of 6.31%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. On average, analysts anticipate that Netflix will post $0.40 earnings per share for the current year.

In other news, Director A George Battle sold 20,000 shares of the company’s stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $120.00, for a total transaction of $2,400,000.00. Following the completion of the transaction, the director now directly owns 750 shares of the company’s stock, valued at approximately $90,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Theodore A. Sarandos sold 91,966 shares of the company’s stock in a transaction dated Tuesday, October 18th. The stock was sold at an average price of $116.63, for a total value of $10,725,994.58. Following the transaction, the insider now directly owns 15,204 shares of the company’s stock, valued at $1,773,242.52. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.

A number of large investors have recently bought and sold shares of NFLX. Cornerstone Advisors Inc. raised 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 $124,000. Quadrant Capital Group LLC raised 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 raised 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. raised 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 own 79.48% of the company’s stock.

A number of analysts recently issued reports on NFLX shares. Pivotal Research reissued a “buy” rating and issued a $155.00 target price (up from $125.00) on shares of Netflix in a research report on Tuesday, October 18th. Bank of America Corp. reissued a “buy” rating and issued a $146.00 target price on shares of Netflix in a research report on Friday, August 26th. Jefferies Group reissued an “underperform” rating and issued a $80.00 target price (up from $76.00) on shares of Netflix in a research report on Tuesday, October 18th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $122.00 target price on shares of Netflix in a research report on Wednesday, September 7th. Finally, Dougherty & Co reissued a “neutral” rating on shares of Netflix in a research report on Monday, October 17th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirty have issued a buy rating to the stock. Netflix presently has a consensus rating of “Hold” and an average target price of $118.48.

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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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