Netflix, Inc. (NASDAQ:NFLX) insider Jonathan Friedland sold 2,496 shares of the stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. Following the transaction, the insider now directly owns 1,232 shares of the company’s stock, valued at $224,433.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 0.30% during mid-day trading on Thursday, hitting $184.41. 5,178,272 shares of the company were exchanged. The firm has a 50 day moving average of $157.45 and a 200 day moving average of $148.14. Netflix, Inc. has a 12-month low of $85.01 and a 12-month high of $187.17. The company has a market capitalization of $79.55 billion, a price-to-earnings ratio of 224.34 and a beta of 0.98. Netflix also saw unusually large options trading on Monday. Stock traders acquired 105,623 call options on the stock. This represents an increase of 271% compared to the average volume of 28,474 call options.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. Equities research analysts forecast that Netflix, Inc. will post $1.15 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in NFLX. Guardian Life Insurance Co. of America boosted its stake in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after buying an additional 25,266 shares during the last quarter. Banco Santander S.A. bought a new stake in shares of Netflix during the first quarter valued at approximately $43,264,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares during the last quarter. Finally, Twin Capital Management Inc. boosted its stake in shares of Netflix by 0.8% in the first quarter. Twin Capital Management Inc. now owns 16,900 shares of the Internet television network’s stock valued at $2,498,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 82.77% of the company’s stock.

Several brokerages have weighed in on NFLX. UBS AG restated a “buy” rating and set a $175.00 target price on shares of Netflix in a research report on Wednesday, April 19th. Loop Capital upped their target price on shares of Netflix from $162.00 to $172.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $200.00 target price (up from $175.00) on shares of Netflix in a research report on Tuesday. BMO Capital Markets restated a “market perform” rating and set a $180.00 target price (up from $150.00) on shares of Netflix in a research report on Tuesday. Finally, Raymond James Financial, Inc. restated an “outperform” rating and set a $205.00 target price (up from $165.00) on shares of Netflix in a research report on Tuesday. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $169.38.

About Netflix

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.

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

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