Netflix, Inc. (NASDAQ:NFLX) CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $193.30, for a total transaction of $193,300.00. Following the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at $193,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Netflix, Inc. (NASDAQ NFLX) opened at $185.20 on Friday. Netflix, Inc. has a 52 week low of $121.73 and a 52 week high of $204.38. The stock has a market capitalization of $79,713.40, a PE ratio of 186.07, a P/E/G ratio of 5.47 and a beta of 1.33. 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 announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the company earned $0.12 earnings per share. The company’s quarterly revenue was up 30.3% on a year-over-year basis. equities analysts anticipate that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on NFLX shares. Jefferies Group reiterated a “hold” rating on shares of Netflix in a research note on Thursday, August 10th. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 price objective on the stock in a research note on Thursday, August 10th. Cantor Fitzgerald restated a “buy” rating and issued a $205.00 price target on shares of Netflix in a research note on Friday, August 11th. BidaskClub downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $215.00 price target on shares of Netflix in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $209.65.
Several hedge funds and other institutional investors have recently modified their holdings of NFLX. Balentine LLC boosted its stake in Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after buying an additional 500 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in Netflix in the second quarter worth approximately $101,000. Aviance Capital Management LLC purchased a new stake in Netflix in the second quarter worth approximately $137,000. Captrust Financial Advisors purchased a new stake in Netflix in the second quarter worth approximately $139,000. Finally, Harbour Capital Advisors LLC boosted its stake in Netflix by 14,840.7% in the second quarter. Harbour Capital Advisors LLC now owns 20,917 shares of the Internet television network’s stock worth $140,000 after buying an additional 20,777 shares in the last quarter. 83.38% of the stock is owned by institutional investors.
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Netflix Company Profile
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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