Netflix, Inc. (NASDAQ:NFLX) insider Jonathan Friedland sold 1,217 shares of Netflix stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $193.34, for a total transaction of $235,294.78. Following the sale, the insider now owns 1,217 shares in the company, valued at approximately $235,294.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jonathan Friedland also recently made the following trade(s):

  • On Friday, October 6th, Jonathan Friedland sold 3,622 shares of Netflix stock. The shares were sold at an average price of $194.89, for a total transaction of $705,891.58.
  • On Wednesday, July 19th, Jonathan Friedland sold 2,496 shares of Netflix stock. The shares were sold at an average price of $182.17, for a total transaction of $454,696.32.

Netflix, Inc. (NASDAQ NFLX) traded up 1.87% during midday trading on Friday, reaching $198.02. The company’s stock had a trading volume of 15,348,356 shares. Netflix, Inc. has a 12-month low of $97.63 and a 12-month high of $198.92. The stock’s 50 day moving average is $178.79 and its 200 day moving average is $163.66. The stock has a market cap of $85.49 billion, a P/E ratio of 240.90 and a beta of 1.09. Netflix also saw some unusual options trading on Thursday. Investors acquired 122,784 call options on the stock. This represents an increase of 283% compared to the average volume of 32,078 call options.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter last year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was up 32.3% compared to the same quarter last year. Analysts anticipate that Netflix, Inc. will post $1.17 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the business. Almanack Investment Partners LLC. purchased a new position in shares of Netflix in the 2nd quarter valued at approximately $101,000. TD Capital Management LLC purchased a new position in shares of Netflix in the 2nd quarter valued at approximately $105,000. SRS Capital Advisors Inc. grew its stake in shares of Netflix by 3,361.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after purchasing an additional 706 shares during the last quarter. Harfst & Associates Inc. purchased a new position in shares of Netflix in the 1st quarter valued at approximately $109,000. Finally, Aviance Capital Management LLC purchased a new position in shares of Netflix in the 2nd quarter valued at approximately $137,000. Institutional investors own 81.03% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $180.00 price objective (up previously from $150.00) on shares of Netflix in a research report on Tuesday, July 18th. Needham & Company LLC reiterated a “hold” rating on shares of Netflix in a research report on Tuesday, July 18th. Bank of America Corporation reiterated a “buy” rating and set a $199.00 price objective (up previously from $184.00) on shares of Netflix in a research report on Tuesday, July 18th. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $165.09 price objective on the stock in a research report on Wednesday, August 16th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of Netflix in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $185.18.

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.

Insider Buying and Selling by Quarter for Netflix (NASDAQ:NFLX)

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