David B. Wells Sells 1,000 Shares of Netflix, Inc. (NFLX) Stock
Netflix, Inc. (NASDAQ:NFLX) CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $191.20, for a total value of $191,200.00. Following the completion of the sale, the chief financial officer now owns 1,000 shares in the company, valued at approximately $191,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Netflix, Inc. (NASDAQ NFLX) traded up $1.80 during trading hours on Thursday, reaching $188.82. The company had a trading volume of 6,545,100 shares, compared to its average volume of 6,626,670. The firm has a market capitalization of $80,929.38, a P/E ratio of 188.91, a P/E/G ratio of 5.56 and a beta of 1.33. Netflix, Inc. has a 1-year low of $123.60 and a 1-year high of $204.38. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion for 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%. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS. sell-side analysts predict that Netflix, Inc. will post 1.26 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Balentine LLC boosted its holdings in shares of Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after purchasing an additional 500 shares in the last quarter. Almanack Investment Partners LLC. acquired a new stake in shares of Netflix in the 2nd quarter valued at $101,000. Aviance Capital Management LLC acquired a new stake in shares of Netflix in the 2nd quarter valued at $137,000. Captrust Financial Advisors acquired a new stake in shares of Netflix in the 2nd quarter valued at $139,000. Finally, Harfst & Associates Inc. boosted its holdings in shares of Netflix by 36.8% in the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after purchasing an additional 273 shares in the last quarter. 83.27% of the stock is currently owned by hedge funds and other institutional investors.
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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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