Netflix, Inc. (NASDAQ:NFLX) CFO David B. Wells sold 1,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $187.94, for a total transaction of $187,940.00. Following the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at $187,940. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Netflix, Inc. (NFLX) traded down $0.49 during trading hours on Tuesday, hitting $185.73. 4,264,081 shares of the stock traded hands, compared to its average volume of 6,632,435. Netflix, Inc. has a 52-week low of $122.50 and a 52-week high of $204.38. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The company has a market cap of $81,587.12, a PE ratio of 190.44, a PEG ratio of 5.60 and a beta of 1.33.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter last year, the company earned $0.12 EPS. Netflix’s revenue for the quarter was up 30.3% on a year-over-year basis. equities analysts forecast that Netflix, Inc. will post 1.26 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new stake in Netflix during the 2nd quarter worth approximately $1,045,000. Lincoln National Corp raised its stake in Netflix by 7.0% during the 3rd quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after acquiring an additional 268 shares during the period. Calamos Advisors LLC raised its stake in Netflix by 198.5% during the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after acquiring an additional 138,945 shares during the period. Alps Advisors Inc. bought a new stake in Netflix during the 2nd quarter worth approximately $262,000. Finally, BB&T Corp raised its stake in Netflix by 20.0% during the 3rd quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after acquiring an additional 642 shares during the period. Hedge funds and other institutional investors own 83.37% of the company’s stock.
Several analysts recently commented on the stock. B. Riley reissued a “neutral” rating on shares of Netflix in a research report on Wednesday, November 1st. Loop Capital reissued a “buy” rating and set a $237.00 price objective on shares of Netflix in a research report on Wednesday, December 6th. SunTrust Banks set a $175.00 price objective on shares of Netflix and gave the company a “hold” rating in a research report on Monday, October 16th. Evercore ISI assumed coverage on shares of Netflix in a research report on Wednesday, December 6th. They set an “in-line” rating and a $210.00 price objective on the stock. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $215.00 price objective on shares of Netflix in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price 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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