Netflix, Inc. (NASDAQ:NFLX) CFO David B. Wells sold 1,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $187.94, for a total value of $187,940.00. Following the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $187,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Netflix, Inc. (NASDAQ NFLX) opened at $189.56 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix, Inc. has a 1-year low of $122.87 and a 1-year high of $204.38. The stock has a market capitalization of $81,292.87, a PE ratio of 189.76, a price-to-earnings-growth ratio of 5.58 and a beta of 1.33.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter last year, the business posted $0.12 EPS. Netflix’s quarterly revenue was up 30.3% on a year-over-year basis. sell-side analysts expect that Netflix, Inc. will post 1.26 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Netflix by 2.9% during the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after buying an additional 789,190 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Netflix by 1.7% during the 2nd quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock valued at $3,834,416,000 after purchasing an additional 423,968 shares in the last quarter. FMR LLC lifted its holdings in shares of Netflix by 12.4% during the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after purchasing an additional 2,605,731 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Netflix by 14.0% during the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after purchasing an additional 1,814,056 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Netflix by 5.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock valued at $659,809,000 after purchasing an additional 172,229 shares in the last quarter. Hedge funds and other institutional investors own 83.37% of the company’s stock.
NFLX has been the subject of a number of research reports. Piper Jaffray Companies restated a “buy” rating and issued a $215.00 target price on shares of Netflix in a research note on Monday, September 18th. Loop Capital raised their target price on Netflix from $228.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Royal Bank of Canada restated an “outperform” rating and issued a $210.00 target price on shares of Netflix in a research note on Friday, October 6th. KeyCorp restated a “buy” rating and issued a $190.00 target price on shares of Netflix in a research note on Friday, August 25th. Finally, Buckingham Research restated a “buy” rating and issued a $214.00 target price on shares of Netflix in a research note on Monday, October 9th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $209.65.
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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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