Traders Sell Netflix (NFLX) on Strength (NFLX)

Traders sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading hours on Monday. $671.44 million flowed into the stock on the tick-up and $743.96 million flowed out of the stock on the tick-down, for a money net flow of $72.52 million out of the stock. Of all stocks tracked, Netflix had the 23rd highest net out-flow for the day. Netflix traded up $1.98 for the day and closed at $363.44

Several research analysts have issued reports on the company. Buckingham Research cut Netflix from a “buy” rating to a “neutral” rating and set a $382.00 price objective for the company. in a research report on Friday, March 8th. BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. Argus reiterated a “hold” rating on shares of Netflix in a research report on Tuesday, January 22nd. Macquarie set a $375.00 price objective on Netflix and gave the stock a “buy” rating in a research report on Friday, January 18th. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $450.00 price objective on shares of Netflix in a research report on Monday, January 21st. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and a consensus price target of $375.75.

The firm has a market capitalization of $157.70 billion, a P/E ratio of 135.61, a PEG ratio of 2.94 and a beta of 1.37. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.98.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, January 17th. The Internet television network reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.21 billion. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The company’s revenue was up 27.4% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. On average, analysts forecast that Netflix, Inc. will post 4.05 EPS for the current year.

In other Netflix news, Director Anne M. Sweeney sold 2,569 shares of Netflix stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $350.00, for a total transaction of $899,150.00. Following the sale, the director now directly owns 539 shares in the company, valued at approximately $188,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Reed Hastings sold 63,147 shares of Netflix stock in a transaction that occurred on Monday, December 24th. The stock was sold at an average price of $241.12, for a total value of $15,226,004.64. Following the sale, the chief executive officer now owns 63,147 shares in the company, valued at $15,226,004.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 197,639 shares of company stock worth $61,581,281. Company insiders own 4.29% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Financial Insights Inc. purchased a new stake in Netflix during the 4th quarter worth approximately $261,000. Belpointe Asset Management LLC increased its holdings in Netflix by 44.4% during the 4th quarter. Belpointe Asset Management LLC now owns 2,560 shares of the Internet television network’s stock worth $685,000 after purchasing an additional 787 shares during the last quarter. Norges Bank purchased a new stake in Netflix during the 4th quarter worth approximately $1,209,406,000. Actinver Wealth Management Inc. purchased a new stake in Netflix during the 4th quarter worth approximately $237,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in Netflix during the 4th quarter worth approximately $487,000. Institutional investors own 75.08% of the company’s stock.

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Netflix Company Profile (NASDAQ:NFLX)

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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