Traders Buy Netflix, Inc. (NFLX) on Weakness on Insider Selling
Traders bought shares of Netflix, Inc. (NASDAQ:NFLX) on weakness during trading hours on Wednesday following insider selling activity. $216.01 million flowed into the stock on the tick-up and $189.74 million flowed out of the stock on the tick-down, for a money net flow of $26.27 million into the stock. Of all companies tracked, Netflix had the 23rd highest net in-flow for the day. Netflix traded down ($3.59) for the day and closed at $192.12Specifically, Director Ann Mather sold 3,885 shares of Netflix stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total value of $777,000.00. Following the completion of the sale, the director now owns 1,015 shares in the company, valued at approximately $203,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total transaction of $331,440.00. Following the completion of the sale, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,327,748.64. The disclosure for this sale can be found here. Insiders have sold a total of 343,372 shares of company stock valued at $63,446,547 in the last 90 days. Insiders own 4.90% of the company’s stock.
NFLX has been the subject of several research reports. Sanford C. Bernstein set a $203.00 target price on shares of Netflix and gave the company a “buy” rating in a report on Wednesday, August 30th. Citigroup Inc. lifted their target price on shares of Netflix from $180.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Vetr downgraded shares of Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 target price for the company. in a report on Monday, September 18th. Robert W. Baird reiterated a “hold” rating and issued a $175.00 target price on shares of Netflix in a report on Friday, September 1st. Finally, Morgan Stanley set a $210.00 target price on shares of Netflix and gave the company a “buy” rating in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $207.20.
The firm has a market cap of $84,100.00, a PE ratio of 197.05, a PEG ratio of 5.73 and a beta of 1.39. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the company earned $0.12 EPS. Netflix’s revenue was up 30.3% on a year-over-year basis. equities analysts predict that Netflix, Inc. will post 1.28 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Netflix in the second quarter worth $1,045,000. Lincoln National Corp increased its position in shares of Netflix by 7.0% in the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after acquiring an additional 268 shares in the last quarter. Calamos Advisors LLC increased its position in shares of Netflix by 198.5% in the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after acquiring an additional 138,945 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of Netflix in the second quarter worth $262,000. Finally, BB&T Corp increased its position in shares of Netflix by 20.0% in the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after acquiring an additional 642 shares in the last quarter. 80.43% of the stock is owned by institutional investors.
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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