Traders purchased shares of Netflix, Inc. (NASDAQ:NFLX) on weakness during trading hours on Monday. $341.27 million flowed into the stock on the tick-up and $303.10 million flowed out of the stock on the tick-down, for a money net flow of $38.17 million into the stock. Of all companies tracked, Netflix had the 8th highest net in-flow for the day. Netflix traded down ($4.34) for the day and closed at $177.01

Several brokerages recently weighed in on NFLX. Jefferies Group LLC restated a “hold” rating and issued a $165.00 price objective (down from $171.80) on shares of Netflix in a report on Wednesday, August 9th. Wedbush reaffirmed a “sell” rating on shares of Netflix in a research note on Wednesday, August 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $203.00 target price on shares of Netflix in a report on Sunday. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. Finally, BidaskClub cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-nine have issued a buy rating to the stock. Netflix currently has a consensus rating of “Buy” and an average target price of $180.15.

The stock has a market cap of $77.37 billion, a P/E ratio of 217.99 and a beta of 1.09. The firm has a 50 day moving average of $176.72 and a 200-day moving average of $162.91.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the company earned $0.09 EPS. The firm’s revenue was up 32.3% compared to the same quarter last year. On average, equities analysts anticipate that Netflix, Inc. will post $1.17 EPS for the current year.

In other Netflix news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $169.18, for a total value of $338,360.00. Following the completion of the sale, the director now owns 8,012 shares of the company’s stock, valued at $1,355,470.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jonathan Friedland sold 2,496 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total value of $454,696.32. Following the completion of the sale, the insider now directly owns 1,232 shares of the company’s stock, valued at approximately $224,433.44. The disclosure for this sale can be found here. Insiders sold a total of 310,325 shares of company stock valued at $55,807,018 over the last quarter. Company insiders own 4.90% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. San Francisco Sentry Investment Group CA grew its holdings in shares of Netflix by 1.0% during the 1st quarter. San Francisco Sentry Investment Group CA now owns 7,280 shares of the Internet television network’s stock valued at $1,076,000 after purchasing an additional 75 shares during the last quarter. Pacer Advisors Inc. boosted its position in Netflix by 4.7% during the first quarter. Pacer Advisors Inc. now owns 12,653 shares of the Internet television network’s stock valued at $1,870,000 after buying an additional 563 shares during the period. Nordea Investment Management AB boosted its position in Netflix by 1.8% during the first quarter. Nordea Investment Management AB now owns 19,850 shares of the Internet television network’s stock valued at $2,934,000 after buying an additional 347 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Netflix by 24.2% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock valued at $114,000 after buying an additional 150 shares during the period. Finally, Arthur M. Cohen & Associates LLC boosted its position in Netflix by 1.7% during the first quarter. Arthur M. Cohen & Associates LLC now owns 2,244 shares of the Internet television network’s stock valued at $332,000 after buying an additional 38 shares during the period. 81.03% 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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