Netflix, Inc. (NFLX) Short Interest Up 7.9% in January
Netflix, Inc. (NASDAQ:NFLX) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 23,547,077 shares, a growth of 7.9% from the January 12th total of 21,827,296 shares. Approximately 5.6% of the shares of the stock are sold short. Based on an average daily volume of 14,370,506 shares, the short-interest ratio is presently 1.6 days.
NFLX has been the subject of several research analyst reports. Loop Capital upped their price target on shares of Netflix from $228.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $255.00 price target (up previously from $235.00) on shares of Netflix in a research report on Thursday, January 18th. Canaccord Genuity reaffirmed a “buy” rating and set a $280.00 price target (up previously from $225.00) on shares of Netflix in a research report on Tuesday, January 23rd. Goldman Sachs Group reaffirmed a “buy” rating and set a $235.00 price target (up previously from $200.00) on shares of Netflix in a research report on Friday, October 13th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $250.00 price target (up previously from $230.00) on shares of Netflix in a research report on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Netflix presently has an average rating of “Buy” and a consensus target price of $237.51.
In other news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $191.12, for a total value of $191,120.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $191,120. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Gregory K. Peters sold 8,358 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $255.20, for a total transaction of $2,132,961.60. Following the completion of the transaction, the insider now directly owns 21,448 shares of the company’s stock, valued at approximately $5,473,529.60. The disclosure for this sale can be found here. Insiders sold 297,138 shares of company stock worth $62,304,023 in the last ninety days. Insiders own 4.90% of the company’s stock.
Shares of Netflix (NFLX) traded down $0.63 on Friday, reaching $249.47. 16,890,000 shares of the company traded hands, compared to its average volume of 10,640,000. The company has a market capitalization of $107,950.00, a price-to-earnings ratio of 199.58, a PEG ratio of 3.69 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. Netflix has a 52-week low of $138.26 and a 52-week high of $286.81.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. research analysts expect that Netflix will post 2.69 EPS for the current year.
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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