Investors Sell Netflix, Inc. (NFLX) on Strength on Insider Selling
Investors sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading hours on Thursday after an insider sold shares in the company. $259.99 million flowed into the stock on the tick-up and $301.29 million flowed out of the stock on the tick-down, for a money net flow of $41.30 million out of the stock. Of all equities tracked, Netflix had the 19th highest net out-flow for the day. Netflix traded up $3.39 for the day and closed at $195.51Specifically, Director Richard N. Barton sold 700 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $194.29, for a total transaction of $136,003.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leslie J. Kilgore sold 868 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $202.00, for a total transaction of $175,336.00. The disclosure for this sale can be found here. Insiders sold 344,072 shares of company stock valued at $63,582,550 in the last quarter. Corporate insiders own 4.90% of the company’s stock.
NFLX has been the subject of several recent research reports. Sanford C. Bernstein set a $203.00 target price on shares of Netflix and gave the stock a “buy” rating in a report on Wednesday, August 30th. Citigroup Inc. increased their target price on shares of Netflix from $180.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Vetr cut shares of Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 target price for the company. in a report on Monday, September 18th. Robert W. Baird restated a “hold” rating and set a $175.00 target price on shares of Netflix in a report on Friday, September 1st. Finally, Wedbush set a $88.00 target price on shares of Netflix and gave the stock a “sell” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $207.20.
The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $84,600.00, a price-to-earnings ratio of 197.69, a PEG ratio of 5.75 and a beta of 1.39.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 firm had revenue of $2.99 billion for 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 was up 30.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. equities research analysts expect that Netflix, Inc. will post 1.28 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its holdings in shares of Netflix by 0.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after buying an additional 10 shares during the last quarter. Heritage Investors Management Corp boosted its holdings in shares of Netflix by 0.6% in the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after buying an additional 12 shares during the last quarter. Kalos Management Inc. boosted its holdings in shares of Netflix by 0.7% in the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after buying an additional 12 shares during the last quarter. Northwest Wealth Management LLC boosted its holdings in shares of Netflix by 0.8% in the 2nd quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock worth $282,000 after buying an additional 15 shares during the last quarter. Finally, Lincoln Capital Corp boosted its holdings in shares of Netflix by 1.0% in the 2nd quarter. Lincoln Capital Corp now owns 2,020 shares of the Internet television network’s stock worth $302,000 after buying an additional 20 shares during the last quarter. 80.43% 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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