Netflix, Inc. (NASDAQ:NFLX) insider Jonathan Friedland sold 972 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $225.12, for a total transaction of $218,816.64. Following the transaction, the insider now directly owns 972 shares of the company’s stock, valued at approximately $218,816.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, January 12th, Jonathan Friedland sold 995 shares of Netflix stock. The stock was sold at an average price of $219.92, for a total transaction of $218,820.40.
  • On Monday, January 8th, Jonathan Friedland sold 3,180 shares of Netflix stock. The stock was sold at an average price of $211.64, for a total transaction of $673,015.20.
  • On Wednesday, January 3rd, Jonathan Friedland sold 2,743 shares of Netflix stock. The stock was sold at an average price of $205.59, for a total transaction of $563,933.37.

Netflix, Inc. (NFLX) traded down $4.03 during trading hours on Wednesday, hitting $217.50. 9,120,000 shares of the stock traded hands, compared to its average volume of 6,490,000. Netflix, Inc. has a one year low of $131.06 and a one year high of $226.07. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $94,120.00, a price-to-earnings ratio of 219.70, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter last year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. equities analysts forecast that Netflix, Inc. will post 1.25 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC acquired a new position in shares of Netflix in the second quarter worth about $1,045,000. Lincoln National Corp boosted its holdings in shares of Netflix by 7.0% in the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after buying an additional 268 shares during the period. BB&T Corp boosted its holdings in shares of Netflix by 20.0% in the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after buying an additional 642 shares during the period. Mizuho Securities USA LLC acquired a new position in shares of Netflix in the third quarter worth about $9,793,000. Finally, AGF Investments Inc. acquired a new position in shares of Netflix in the third quarter worth about $60,036,000. Institutional investors own 83.27% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $230.38 price objective for the company in a research report on Tuesday. UBS Group set a $250.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research report on Thursday, January 11th. Barclays assumed coverage on shares of Netflix in a research report on Thursday, January 11th. They issued an “overweight” rating and a $245.00 price objective for the company. Piper Jaffray Companies reissued a “buy” rating and issued a $240.00 price objective on shares of Netflix in a research report on Monday, January 8th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $250.00 price objective (up previously from $230.00) on shares of Netflix in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $212.11.

COPYRIGHT VIOLATION NOTICE: This report was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/netflix-inc-nflx-insider-sells-218816-64-in-stock/1811203.html.

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)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.