Anne M. Sweeney Sells 3,029 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Anne M. Sweeney sold 3,029 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $580.00, for a total transaction of $1,756,820.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Anne M. Sweeney also recently made the following trade(s):

• On Wednesday, May 1st, Anne M. Sweeney sold 633 shares of Netflix stock. The shares were sold at an average price of $560.00, for a total value of $354,480.00.

Netflix Trading Up 0.6 %

NFLX stock opened at $609.47 on Thursday. The company has a market capitalization of $262.66 billion, a price-to-earnings ratio of 42.29, a PEG ratio of 1.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. Netflix, Inc. has a 1-year low of $329.51 and a 1-year high of $639.00. The business has a 50 day simple moving average of $602.85 and a two-hundred day simple moving average of $531.62.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company posted $2.88 earnings per share. Research analysts anticipate that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on NFLX. Guggenheim increased their target price on Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Sanford C. Bernstein raised their price objective on shares of Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research note on Friday, April 19th. Robert W. Baird upped their target price on shares of Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Seaport Res Ptn downgraded shares of Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Finally, UBS Group boosted their price objective on shares of Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $631.15.

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently made changes to their positions in NFLX. Valued Wealth Advisors LLC increased its stake in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the last quarter. Indiana Trust & Investment Management CO raised its stake in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares in the last quarter. VitalStone Financial LLC lifted its position in Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares during the last quarter. Scarborough Advisors LLC bought a new position in Netflix during the fourth quarter valued at $32,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter worth about $25,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.