Gregory K. Peters Sells 8,274 Shares of Netflix, Inc. (NFLX) Stock
Netflix, Inc. (NASDAQ:NFLX) insider Gregory K. Peters sold 8,274 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $300.00, for a total transaction of $2,482,200.00. Following the completion of the transaction, the insider now owns 21,364 shares of the company’s stock, valued at approximately $6,409,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Netflix, Inc. (NFLX) traded up $10.66 during trading hours on Friday, hitting $301.05. 13,350,000 shares of the stock were exchanged, compared to its average volume of 11,540,000. Netflix, Inc. has a 1-year low of $138.26 and a 1-year high of $301.18. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $135,440.00, a PE ratio of 210.52, a price-to-earnings-growth ratio of 3.99 and a beta of 0.95.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business’s revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. equities research analysts forecast that Netflix, Inc. will post 2.73 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Ark Investment Management LLC raised its holdings in Netflix by 37.4% during the second quarter. Ark Investment Management LLC now owns 62,715 shares of the Internet television network’s stock worth $9,370,000 after purchasing an additional 17,064 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Netflix by 7.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 96,162 shares of the Internet television network’s stock worth $17,439,000 after purchasing an additional 7,006 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Netflix during the third quarter worth about $5,087,000. Westpac Banking Corp raised its holdings in Netflix by 70.2% during the third quarter. Westpac Banking Corp now owns 66,246 shares of the Internet television network’s stock worth $12,014,000 after purchasing an additional 27,321 shares in the last quarter. Finally, New York State Teachers Retirement System raised its holdings in Netflix by 0.5% during the third quarter. New York State Teachers Retirement System now owns 698,643 shares of the Internet television network’s stock worth $126,699,000 after purchasing an additional 3,647 shares in the last quarter. 82.23% of the stock is owned by hedge funds and other institutional investors.
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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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