Traders Sell Netflix (NFLX) on Strength (NFLX)
Investors sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading hours on Monday. $1,267.83 million flowed into the stock on the tick-up and $1,323.35 million flowed out of the stock on the tick-down, for a money net flow of $55.52 million out of the stock. Of all companies tracked, Netflix had the 16th highest net out-flow for the day. Netflix traded up $10.95 for the day and closed at $327.73
A number of brokerages have recently issued reports on NFLX. MKM Partners increased their price target on shares of Netflix from $320.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, May 29th. Royal Bank of Canada reiterated a “buy” rating and issued a $360.00 price target on shares of Netflix in a report on Friday, June 1st. Oppenheimer reiterated a “buy” rating and issued a $370.00 price target on shares of Netflix in a report on Thursday, June 14th. Monness Crespi & Hardt increased their price target on shares of Netflix from $375.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, June 19th. Finally, Piper Jaffray Companies increased their price target on shares of Netflix from $367.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, June 19th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $346.99.
The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market cap of $150.61 billion, a price-to-earnings ratio of 249.39, a price-to-earnings-growth ratio of 4.28 and a beta of 0.76.
In other news, Director Leslie J. Kilgore sold 560 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $334.05, for a total value of $187,068.00. Following the transaction, the director now owns 35,756 shares in the company, valued at approximately $11,944,291.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel David A. Hyman sold 38,976 shares of the company’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $371.20, for a total value of $14,467,891.20. Following the completion of the transaction, the general counsel now owns 43,895 shares in the company, valued at approximately $16,293,824. The disclosure for this sale can be found here. In the last three months, insiders have sold 347,690 shares of company stock valued at $130,457,444. Corporate insiders own 4.29% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. CSat Investment Advisory L.P. acquired a new position in shares of Netflix in the 2nd quarter valued at about $117,000. Guidant Wealth Advisors increased its holdings in Netflix by 190.5% in the second quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock worth $121,000 after buying an additional 200 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in Netflix in the second quarter worth approximately $124,000. BerganKDV Wealth Management LLC acquired a new position in Netflix in the second quarter worth approximately $137,000. Finally, Braun Bostich & Associates Inc. acquired a new position in Netflix in the first quarter worth approximately $142,000. Institutional investors own 76.28% of the company’s stock.
Netflix Company Profile (NASDAQ:NFLX)
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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