Netflix Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,400 shares of Netflix stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $134.31, for a total value of $322,344.00. Following the completion of the sale, the director now directly owns 8,412 shares of the company’s stock, valued at approximately $1,129,815.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Netflix Inc. (NASDAQ:NFLX) opened at 138.41 on Friday. The company has a 50 day moving average of $126.75 and a 200-day moving average of $109.11. The firm has a market cap of $59.40 billion, a price-to-earnings ratio of 374.08 and a beta of 1.67. Netflix Inc. has a one year low of $79.95 and a one year high of $143.46.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Wednesday, January 18th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The firm earned $2.48 billion during the quarter, compared to the consensus estimate of $2.47 billion. Netflix had a net margin of 1.99% and a return on equity of 6.31%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. On average, analysts expect that Netflix Inc. will post $0.94 EPS for the current year.
NFLX has been the subject of a number of recent analyst reports. Jefferies Group reaffirmed an “underperform” rating and issued a $76.00 price objective on shares of Netflix in a research report on Friday, September 23rd. Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Monday, September 26th. JPMorgan Chase & Co. lifted their price objective on Netflix from $116.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, September 27th. Wedbush reaffirmed an “underperform” rating and issued a $45.00 price objective on shares of Netflix in a research report on Friday, September 30th. Finally, Vetr downgraded Netflix from a “buy” rating to a “hold” rating and set a $105.94 price objective for the company. in a research report on Monday, October 3rd. Six equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $126.51.
Hedge funds have recently bought and sold shares of the stock. Cornerstone Advisors Inc. increased its stake in Netflix by 25.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,118 shares of the Internet television network’s stock worth $102,000 after buying an additional 228 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Netflix by 15.1% in the second quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network’s stock worth $126,000 after buying an additional 194 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Netflix during the third quarter worth about $173,000. Integrated Wealth Management increased its stake in Netflix by 12.4% in the second quarter. Integrated Wealth Management now owns 1,804 shares of the Internet television network’s stock worth $165,000 after buying an additional 199 shares in the last quarter. Finally, Tuttle Tactical Management LLC acquired a new stake in Netflix during the third quarter worth about $194,000. 79.44% of the stock is owned by hedge funds and other institutional investors.
Netflix Company Profile
Netflix Inc is an Internet television network with over 86 million members in over 190 countries enjoying more than 125 million hours of television (TV) shows and movies per day, including original series, documentaries and feature films. Members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen.