Richard N. Barton Sells 2,000 Shares of Netflix, Inc. (NFLX) Stock
Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $145.38, for a total transaction of $290,760.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,164,784.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Netflix, Inc. (NASDAQ:NFLX) opened at 141.18 on Friday. Netflix, Inc. has a 52-week low of $84.50 and a 52-week high of $148.29. The firm has a market cap of $60.77 billion, a price-to-earnings ratio of 328.33 and a beta of 1.27. The company has a 50 day moving average price of $143.46 and a 200-day moving average price of $130.69.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The company earned $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Netflix had a return on equity of 7.51% and a net margin of 2.11%. Netflix’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post $1.05 EPS for the current year.
NFLX has been the subject of a number of research analyst reports. FBR & Co reissued a “hold” rating and set a $144.00 target price on shares of Netflix in a research report on Tuesday, April 11th. Guggenheim increased their target price on shares of Netflix from $160.00 to $173.00 and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank AG increased their target price on shares of Netflix from $110.00 to $125.00 and gave the stock a “hold” rating in a research report on Monday, March 20th. Vetr downgraded shares of Netflix from a “hold” rating to a “sell” rating and set a $137.92 target price for the company. in a research report on Monday, March 13th. Finally, Instinet reissued a “buy” rating and set a $165.00 target price on shares of Netflix in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have given a buy rating to the stock. Netflix presently has an average rating of “Buy” and a consensus price target of $145.35.
Several hedge funds and other institutional investors have recently bought and sold shares of NFLX. Patriot Financial Group Insurance Agency LLC purchased a new position in Netflix during the fourth quarter valued at $114,000. Intellectus Partners LLC purchased a new position in Netflix during the fourth quarter valued at $117,000. CENTRAL TRUST Co boosted its position in Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock valued at $125,000 after buying an additional 682 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Netflix by 3.6% in the third quarter. Quadrant Capital Group LLC now owns 1,528 shares of the Internet television network’s stock valued at $139,000 after buying an additional 53 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Netflix during the third quarter valued at $173,000. 80.42% of the stock is owned by institutional investors.
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.
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