Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $144.85, for a total transaction of $289,700.00. Following the transaction, the director now directly owns 8,012 shares in the company, valued at $1,160,538.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Netflix, Inc. (NASDAQ:NFLX) opened at 145.83 on Tuesday. The company has a market capitalization of $62.77 billion, a P/E ratio of 339.14 and a beta of 1.27. The firm has a 50-day moving average price of $142.28 and a 200 day moving average price of $122.90. Netflix, Inc. has a 1-year low of $84.50 and a 1-year high of $146.50.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Wednesday, January 18th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The firm earned $2.48 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. On average, equities analysts predict that Netflix, Inc. will post $1.13 EPS for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the company. First New York Securities LLC NY purchased a new position in shares of Netflix during the third quarter valued at about $212,000. National Pension Service boosted its position in shares of Netflix by 8.7% in the third quarter. National Pension Service now owns 272,049 shares of the Internet television network’s stock valued at $26,810,000 after buying an additional 21,790 shares during the last quarter. Highland Capital Management LLC boosted its position in shares of Netflix by 218.5% in the third quarter. Highland Capital Management LLC now owns 10,350 shares of the Internet television network’s stock valued at $1,020,000 after buying an additional 7,100 shares during the last quarter. Hollencrest Securities LLC purchased a new position in shares of Netflix during the third quarter valued at about $618,000. Finally, Capstone Asset Management Co. boosted its position in shares of Netflix by 3.3% in the third quarter. Capstone Asset Management Co. now owns 29,406 shares of the Internet television network’s stock valued at $2,898,000 after buying an additional 938 shares during the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.
Several research analysts have commented on the stock. Deutsche Bank AG lifted their price target on shares of Netflix from $110.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday. Vetr cut shares of Netflix from a “hold” rating to a “sell” rating and set a $137.95 target price on the stock. in a report on Monday. Loop Capital restated a “buy” rating and issued a $167.00 target price (up previously from $159.00) on shares of Netflix in a report on Monday. Sanford C. Bernstein began coverage on shares of Netflix in a report on Thursday, March 16th. They issued an “outperform” rating and a $178.00 target price on the stock. Finally, Royal Bank of Canada restated a “buy” rating and issued a $175.00 target price on shares of Netflix in a report on Tuesday, March 14th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $138.02.
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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