Netflix, Inc. (NASDAQ:NFLX) CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $359.00, for a total transaction of $359,000.00. Following the sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $359,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NFLX stock traded up $8.45 during midday trading on Wednesday, reaching $377.88. The company’s stock had a trading volume of 13,549,100 shares, compared to its average volume of 10,802,814. Netflix, Inc. has a 52 week low of $176.58 and a 52 week high of $423.21. The stock has a market cap of $160.95 billion, a PE ratio of 299.44, a PEG ratio of 4.62 and a beta of 0.90. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.54 and a current ratio of 1.54.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. Netflix had a net margin of 7.13% and a return on equity of 25.66%. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same period last year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 40.3% on a year-over-year basis. sell-side analysts predict that Netflix, Inc. will post 2.67 earnings per share for the current fiscal year.

Several analysts have recently weighed in on NFLX shares. Imperial Capital dropped their price objective on shares of Netflix from $503.00 to $494.00 and set an “outperform” rating for the company in a report on Monday, August 13th. Canaccord Genuity raised their price target on shares of Netflix from $350.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, July 12th. Zacks Investment Research raised shares of Netflix from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. Jefferies Financial Group reissued a “neutral” rating and issued a $320.00 price target on shares of Netflix in a report on Monday, August 20th. Finally, Macquarie set a $388.00 price target on shares of Netflix and gave the company a “buy” rating in a report on Thursday, August 23rd. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty-two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $355.69.

Hedge funds have recently made changes to their positions in the business. Financial Gravity Wealth Inc. bought a new position in shares of Netflix during the first quarter worth $326,000. Gamco Investors INC. ET AL boosted its position in shares of Netflix by 5.5% during the first quarter. Gamco Investors INC. ET AL now owns 3,439 shares of the Internet television network’s stock worth $1,016,000 after purchasing an additional 179 shares in the last quarter. Brinker Capital Inc. boosted its position in shares of Netflix by 20.2% during the first quarter. Brinker Capital Inc. now owns 4,071 shares of the Internet television network’s stock worth $1,202,000 after purchasing an additional 685 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Netflix by 122.2% during the first quarter. Franklin Resources Inc. now owns 496,999 shares of the Internet television network’s stock worth $146,791,000 after purchasing an additional 273,290 shares in the last quarter. Finally, Evergreen Capital Management LLC bought a new position in shares of Netflix during the first quarter worth $219,000. 73.72% of the stock is currently owned by hedge funds and other institutional investors.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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