Netflix, Inc. (NASDAQ:NFLX) CFO David B. Wells sold 1,000 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $189.78, for a total value of $189,780.00. Following the transaction, the chief financial officer now owns 1,000 shares in the company, valued at approximately $189,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Netflix, Inc. (NFLX) traded up $0.45 on Friday, reaching $217.69. The company’s stock had a trading volume of 859,736 shares, compared to its average volume of 6,460,000. Netflix, Inc. has a 52-week low of $128.50 and a 52-week high of $217.93. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $93,840.00, a P/E ratio of 219.89, a PEG ratio of 3.41 and a beta of 1.34.
Netflix (NASDAQ:NFLX) last posted 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 period last year, the business posted $0.12 earnings per share. The business’s revenue was up 30.3% on a year-over-year basis. equities research analysts forecast that Netflix, Inc. will post 1.26 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of NFLX. Alps Advisors Inc. bought a new position in shares of Netflix in the 2nd quarter worth about $262,000. Federated Investors Inc. PA raised its position in shares of Netflix by 4.2% in the 2nd quarter. Federated Investors Inc. PA now owns 34,883 shares of the Internet television network’s stock worth $5,212,000 after acquiring an additional 1,406 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Netflix by 16.0% in the 2nd quarter. Victory Capital Management Inc. now owns 48,745 shares of the Internet television network’s stock worth $7,283,000 after acquiring an additional 6,739 shares in the last quarter. Intrust Bank NA raised its position in shares of Netflix by 6.3% in the 2nd quarter. Intrust Bank NA now owns 1,446 shares of the Internet television network’s stock worth $216,000 after acquiring an additional 86 shares in the last quarter. Finally, BKS Advisors LLC raised its position in shares of Netflix by 7.7% in the 2nd quarter. BKS Advisors LLC now owns 7,578 shares of the Internet television network’s stock worth $1,132,000 after acquiring an additional 540 shares in the last quarter. 83.27% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on NFLX. UBS Group set a $250.00 price objective on Netflix and gave the stock a “buy” rating in a research note on Thursday. Barclays began coverage on Netflix in a research note on Thursday. They set an “overweight” rating and a $245.00 price objective on the stock. Wells Fargo & Co restated an “outperform” rating and set a $250.00 price objective (up previously from $230.00) on shares of Netflix in a research note on Monday. Piper Jaffray Companies restated a “buy” rating and set a $240.00 price objective on shares of Netflix in a research note on Monday. Finally, Credit Suisse Group set a $224.00 price objective on Netflix and gave the stock a “neutral” rating in a research note on Monday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-six have assigned a buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and an average price target of $211.77.
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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