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 stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $193.30, for a total value of $193,300.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $193,300. The sale was disclosed in a filing with the SEC, which is available at this link.
Netflix, Inc. (NASDAQ NFLX) traded up $0.09 during trading hours on Thursday, hitting $196.32. The company had a trading volume of 5,895,400 shares, compared to its average volume of 6,664,596. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $84,914.82, a P/E ratio of 198.21, a P/E/G ratio of 5.83 and a beta of 1.39. Netflix, Inc. has a twelve month low of $113.95 and a twelve month high of $204.38.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 4.04% and a return on equity of 14.56%. Netflix’s revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS. research analysts anticipate that Netflix, Inc. will post 1.26 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new position in Netflix during the third quarter worth about $171,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Netflix by 0.3% during the third quarter. Public Employees Retirement System of Ohio now owns 285,901 shares of the Internet television network’s stock worth $51,848,000 after acquiring an additional 877 shares during the period. Truepoint Inc. boosted its holdings in shares of Netflix by 18,035.0% during the third quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock worth $402,000 after acquiring an additional 400,197 shares during the period. Salem Investment Counselors Inc. boosted its holdings in shares of Netflix by 161.0% during the third quarter. Salem Investment Counselors Inc. now owns 15,967 shares of the Internet television network’s stock worth $2,837,000 after acquiring an additional 9,850 shares during the period. Finally, Moors & Cabot Inc. bought a new stake in shares of Netflix during the third quarter worth approximately $215,000. 80.32% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on NFLX shares. Bank of America Corporation increased their target price on Netflix from $199.00 to $225.00 in a report on Tuesday, October 17th. MKM Partners raised their price target on Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, July 27th. BTIG Research raised their price target on Netflix from $170.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 price target on shares of Netflix in a report on Wednesday, August 16th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirty-two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $207.20.
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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