Traders bought shares of Netflix, Inc. (NASDAQ:NFLX) on weakness during trading on Wednesday following insider selling activity. $485.12 million flowed into the stock on the tick-up and $411.50 million flowed out of the stock on the tick-down, for a money net flow of $73.62 million into the stock. Of all stocks tracked, Netflix had the 11th highest net in-flow for the day. Netflix traded down ($1.02) for the day and closed at $316.48Specifically, CEO Reed Hastings sold 91,861 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $189.03, for a total value of $17,364,484.83. Following the completion of the transaction, the chief executive officer now directly owns 91,861 shares of the company’s stock, valued at approximately $17,364,484.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $314.38, for a total value of $220,066.00. Following the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at $2,324,211.34. The disclosure for this sale can be found here. Insiders sold a total of 472,489 shares of company stock valued at $116,148,163 over the last three months. Corporate insiders own 4.90% of the company’s stock.
NFLX has been the subject of a number of research reports. MKM Partners increased their price target on Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Wedbush set a $93.00 price target on Netflix and gave the company a “sell” rating in a research note on Friday, January 19th. Goldman Sachs set a $315.00 price target on Netflix and gave the company a “buy” rating in a research note on Friday, January 19th. Bank of America increased their price target on Netflix from $225.00 to $199.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Finally, Macquarie raised Netflix from a “neutral” rating to an “outperform” rating and increased their price target for the company from $200.00 to $220.00 in a research note on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Netflix has an average rating of “Buy” and a consensus price target of $251.28.
The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $136,034.16, a P/E ratio of 253.18, a price-to-earnings-growth ratio of 4.30 and a beta of 0.96.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. analysts forecast that Netflix, Inc. will post 2.73 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Balentine LLC increased its position in Netflix by 1,020.4% during 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 during the last quarter. James Hambro & Partners acquired a new position in Netflix during the fourth quarter worth $106,000. Duncker Streett & Co. Inc. increased its position in Netflix by 47.1% during the fourth 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 last quarter. Wagner Wealth Management LLC acquired a new position in Netflix during the fourth quarter worth $125,000. Finally, Crewe Advisors LLC acquired a new position in Netflix during the fourth quarter worth $149,000. 81.60% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.