Investors Buy Shares of Netflix (NFLX) on Weakness

Traders bought shares of Netflix, Inc. (NASDAQ:NFLX) on weakness during trading hours on Friday. $652.42 million flowed into the stock on the tick-up and $604.95 million flowed out of the stock on the tick-down, for a money net flow of $47.47 million into the stock. Of all companies tracked, Netflix had the 14th highest net in-flow for the day. Netflix traded down ($1.75) for the day and closed at $278.52

Several analysts have commented on NFLX shares. Morgan Stanley reaffirmed an “overweight” rating and set a $255.00 price objective (up from $235.00) on shares of Netflix in a research note on Thursday, January 18th. SunTrust Banks set a $270.00 price objective on Netflix and gave the company a “hold” rating in a research note on Wednesday. Loop Capital reaffirmed a “buy” rating and set a $237.00 price objective on shares of Netflix in a research note on Wednesday, December 6th. Canaccord Genuity reissued a “buy” rating and set a $280.00 target price (up from $225.00) on shares of Netflix in a research note on Tuesday, January 23rd. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $250.00 target price (up from $230.00) on shares of Netflix in a research note on Monday, January 8th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $239.39.

The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $120,863.20, a price-to-earnings ratio of 222.82, a PEG ratio of 3.82 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the firm earned $0.15 earnings per share. The business’s revenue was up 32.6% on a year-over-year basis. equities research analysts forecast that Netflix, Inc. will post 2.73 earnings per share for the current year.

In other news, insider Theodore A. Sarandos sold 163,747 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the sale, the insider now owns 23,953 shares in the company, valued at $6,297,483.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A George Battle sold 10,716 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $258.49, for a total value of $2,769,978.84. Following the sale, the director now owns 2,575 shares in the company, valued at approximately $665,611.75. The disclosure for this sale can be found here. Insiders have sold 469,901 shares of company stock worth $107,797,603 in the last 90 days. Insiders own 4.90% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Duncker Streett & Co. Inc. raised its position in shares of Netflix by 47.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after buying an additional 200 shares during the period. Buckingham Asset Management LLC raised its position in shares of Netflix by 9.2% in the 4th quarter. Buckingham Asset Management LLC now owns 2,386 shares of the Internet television network’s stock worth $458,000 after buying an additional 202 shares during the period. CWA Asset Management Group LLC raised its position in shares of Netflix by 8.5% in the 4th quarter. CWA Asset Management Group LLC now owns 2,700 shares of the Internet television network’s stock worth $518,000 after buying an additional 211 shares during the period. Hanseatic Management Services Inc. raised its position in shares of Netflix by 3.6% in the 4th quarter. Hanseatic Management Services Inc. now owns 6,256 shares of the Internet television network’s stock worth $1,201,000 after buying an additional 219 shares during the period. Finally, Murphy Capital Management Inc. raised its position in shares of Netflix by 5.4% in the 4th quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock worth $828,000 after buying an additional 220 shares during the period. Institutional investors and hedge funds own 82.38% of the company’s stock.

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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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