Netflix, Inc. (NASDAQ:NFLX) CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $299.77, for a total transaction of $299,770.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of NFLX stock opened at $294.40 on Wednesday. The company has a market cap of $132.34 billion, a price-to-earnings ratio of 235.52, a price-to-earnings-growth ratio of 3.84 and a beta of 1.18. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39. Netflix, Inc. has a fifty-two week low of $178.38 and a fifty-two week high of $423.21.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Netflix had a net margin of 8.48% and a return on equity of 29.52%. Netflix’s revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. As a group, equities research analysts anticipate that Netflix, Inc. will post 2.63 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in NFLX. MCF Advisors LLC acquired a new position in shares of Netflix during the third quarter worth $108,000. Perennial Advisors LLC lifted its position in shares of Netflix by 2,021.4% during the third quarter. Perennial Advisors LLC now owns 297 shares of the Internet television network’s stock worth $111,000 after purchasing an additional 283 shares in the last quarter. CSat Investment Advisory L.P. acquired a new position in shares of Netflix during the second quarter worth $117,000. Atlas Capital Advisors LLC acquired a new position in shares of Netflix during the third quarter worth $113,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of Netflix during the second quarter worth $124,000. 74.02% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on NFLX shares. Royal Bank of Canada lifted their price target on shares of Netflix to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, October 17th. Goldman Sachs Group reiterated a “$375.13” rating and set a $470.00 price target on shares of Netflix in a report on Wednesday, July 18th. Atlantic Securities reiterated a “buy” rating and set a $413.00 price target on shares of Netflix in a report on Monday, September 3rd. JPMorgan Chase & Co. boosted their target price on shares of Netflix to $450.00 and gave the company an “overweight” rating in a report on Wednesday, October 17th. Finally, Wells Fargo & Co boosted their target price on shares of Netflix from $370.00 to $385.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-one have assigned a buy rating to the stock. Netflix currently has an average rating of “Buy” and a consensus target price of $378.74.

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Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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