Netflix, Inc. (NFLX) Short Interest Down 13.0% in December

Netflix, Inc. (NASDAQ:NFLX) was the recipient of a significant decline in short interest during the month of December. As of December 29th, there was short interest totalling 21,904,173 shares, a decline of 13.0% from the December 15th total of 25,190,555 shares. Based on an average trading volume of 5,504,545 shares, the short-interest ratio is currently 4.0 days. Currently, 5.2% of the shares of the stock are short sold.

In other Netflix news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $211.27, for a total value of $147,889.00. Following the transaction, the director now owns 36,022 shares in the company, valued at $7,610,367.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Friedland sold 995 shares of Netflix stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $219.92, for a total value of $218,820.40. Following the completion of the transaction, the insider now owns 1,016 shares in the company, valued at approximately $223,438.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 341,102 shares of company stock worth $66,275,397. Company insiders own 4.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC increased its holdings in Netflix by 0.6% in the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after purchasing an additional 10 shares in the last quarter. Kalos Management Inc. increased its holdings in Netflix by 0.7% in the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after purchasing an additional 12 shares in the last quarter. Laurel Wealth Advisors Inc. increased its holdings in Netflix by 1.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock worth $515,000 after purchasing an additional 53 shares in the last quarter. Sii Investments Inc. WI increased its holdings in Netflix by 2.1% in the second quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock worth $460,000 after purchasing an additional 64 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in Netflix by 2.1% in the second quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock worth $464,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 83.27% of the company’s stock.

Netflix (NASDAQ:NFLX) opened at $221.23 on Friday. 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 capitalization of $95,730.00, a P/E ratio of 223.46, a P/E/G ratio of 3.41 and a beta of 1.34. Netflix has a 12 month low of $130.58 and a 12 month high of $222.55.

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

A number of research analysts have issued reports on the company. UBS Group set a $250.00 target price on Netflix and gave the company a “buy” rating in a research report on Thursday. Barclays assumed coverage on Netflix in a research report on Thursday. They issued an “overweight” rating and a $245.00 target price on the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $240.00 target price on shares of Netflix in a research report on Monday, January 8th. Wells Fargo & Co reiterated an “outperform” rating and issued a $250.00 target price (up previously from $230.00) on shares of Netflix in a research report on Monday, January 8th. Finally, Credit Suisse Group set a $224.00 target price on Netflix and gave the company a “neutral” rating in a research report on Monday, January 8th. One research 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 stock. The stock presently has an average rating of “Buy” and a consensus price target of $211.77.

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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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