Investors purchased shares of Netflix, Inc. (NASDAQ:NFLX) on weakness during trading hours on Thursday after an insider sold shares in the company. $296.10 million flowed into the stock on the tick-up and $241.89 million flowed out of the stock on the tick-down, for a money net flow of $54.21 million into the stock. Of all companies tracked, Netflix had the 10th highest net in-flow for the day. Netflix traded down ($2.54) for the day and closed at $193.90Specifically, Director Ann Mather sold 3,885 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $200.00, for a total transaction of $777,000.00. Following the sale, the director now owns 1,015 shares in the company, valued at $203,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $195.84, for a total value of $195,840.00. Following the sale, the chief financial officer now owns 1,000 shares in the company, valued at approximately $195,840. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 342,372 shares of company stock worth $63,255,427. Corporate insiders own 4.90% of the company’s stock.

A number of equities analysts have weighed in on the company. Bank of America Corporation boosted their price target on Netflix from $199.00 to $225.00 in a research report on Tuesday, October 17th. Loop Capital boosted their price target on Netflix from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. BidaskClub raised Netflix from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Pivotal Research boosted their price target on Netflix from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, Sanford C. Bernstein set a $203.00 price target on Netflix and gave the stock a “buy” rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $207.20.

The firm has a market capitalization of $83,090.00, a price-to-earnings ratio of 198.42, a price-to-earnings-growth ratio of 5.77 and a beta of 1.39. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. Netflix’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 EPS. equities analysts forecast that Netflix, Inc. will post 1.28 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Netflix by 2.9% during the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock valued at $4,176,049,000 after buying an additional 789,190 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Netflix by 1.7% during the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock valued at $3,834,416,000 after buying an additional 423,968 shares during the last quarter. FMR LLC grew its holdings in shares of Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after buying an additional 2,605,731 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Netflix by 14.0% during the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after buying an additional 1,814,056 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Netflix by 5.0% during the third quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock valued at $659,809,000 after buying an additional 172,229 shares during the last quarter. Institutional investors and hedge funds own 80.68% of the company’s stock.

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About Netflix

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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