Investors Sell Netflix (NFLX) on Strength (NFLX)

Investors sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading hours on Thursday. $327.78 million flowed into the stock on the tick-up and $361.15 million flowed out of the stock on the tick-down, for a money net flow of $33.37 million out of the stock. Of all equities tracked, Netflix had the 0th highest net out-flow for the day. Netflix traded up $1.70 for the day and closed at $189.56

A number of brokerages have issued reports on NFLX. B. Riley restated a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Loop Capital restated a “buy” rating and issued a $237.00 price target on shares of Netflix in a research note on Wednesday, December 6th. SunTrust Banks set a $175.00 price target on Netflix and gave the company a “hold” rating in a research note on Monday, October 16th. Evercore ISI started coverage on Netflix in a research note on Wednesday, December 6th. They issued an “in-line” rating and a $210.00 price target for the company. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $203.00 price target on shares of Netflix in a research note on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $209.65.

The firm has a market cap of $82,028.51, a P/E ratio of 191.48, a P/E/G ratio of 5.63 and a beta of 1.33. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. equities research analysts anticipate that Netflix, Inc. will post 1.26 EPS for the current fiscal year.

In other Netflix news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $184.30, for a total transaction of $368,600.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,476,611.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 350 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the transaction, the director now directly owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 325,985 shares of company stock valued at $62,950,918. Company insiders own 4.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Balentine LLC boosted its stake in Netflix by 1,020.4% during the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after buying an additional 500 shares during the period. Almanack Investment Partners LLC. bought a new stake in Netflix during the second quarter valued at $101,000. Aviance Capital Management LLC bought a new stake in Netflix during the second quarter valued at $137,000. Captrust Financial Advisors bought a new stake in Netflix during the second quarter valued at $139,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in Netflix during the third quarter valued at $171,000. 83.37% of the stock is owned by institutional investors and hedge funds.

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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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