Netflix, Inc. (NFLX) Director Richard N. Barton Sells 2,000 Shares
Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $179.89, for a total transaction of $359,780.00. Following the sale, the director now directly owns 7,930 shares of the company’s stock, valued at $1,426,527.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Netflix, Inc. (NASDAQ:NFLX) opened at 179.19 on Wednesday. The firm has a market cap of $77.37 billion, a price-to-earnings ratio of 217.99 and a beta of 1.09. The firm has a 50-day moving average of $176.72 and a 200-day moving average of $162.91. Netflix, Inc. has a 12 month low of $97.63 and a 12 month high of $191.50.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. Netflix’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. On average, analysts anticipate that Netflix, Inc. will post $1.17 EPS for the current year.
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A number of large investors have recently made changes to their positions in NFLX. Almanack Investment Partners LLC. purchased a new stake in Netflix during the second quarter valued at about $101,000. TD Capital Management LLC bought a new stake in Netflix during the second quarter worth about $105,000. SRS Capital Advisors Inc. lifted its stake in Netflix by 3,361.9% during the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after purchasing an additional 706 shares during the last quarter. Harfst & Associates Inc. bought a new stake in Netflix during the first quarter worth about $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in Netflix by 24.2% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 81.03% of the company’s stock.
A number of research firms have issued reports on NFLX. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $205.00 target price (up previously from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Cantor Fitzgerald raised their price objective on shares of Netflix from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 6th. Vetr raised shares of Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 target price on the stock in a research report on Tuesday, September 19th. MKM Partners boosted their target price on shares of Netflix from $195.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $200.00 target price (up from $175.00) on shares of Netflix in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $180.91.
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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