Netflix, Inc. (NASDAQ:NFLX) CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $189.39, for a total transaction of $189,390.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $189,390. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Netflix, Inc. (NFLX) traded up $1.09 during mid-day trading on Thursday, hitting $185.30. The stock had a trading volume of 5,490,000 shares, compared to its average volume of 6,663,598. Netflix, Inc. has a twelve month low of $121.73 and a twelve month high of $204.38. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The firm has a market cap of $79,713.40, a P/E ratio of 186.07, a price-to-earnings-growth ratio of 5.47 and a beta of 1.33.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 EPS 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 firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period in the prior year, the company posted $0.12 earnings per share. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. research analysts forecast that Netflix, Inc. will post 1.26 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in Netflix in the 2nd quarter valued at $1,045,000. Lincoln National Corp raised its stake in Netflix by 7.0% in the 3rd quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock valued at $742,000 after purchasing an additional 268 shares during the last quarter. Calamos Advisors LLC raised its stake in Netflix by 198.5% in the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after purchasing an additional 138,945 shares during the last quarter. Alps Advisors Inc. acquired a new position in Netflix in the 2nd quarter valued at $262,000. Finally, BB&T Corp raised its stake in Netflix by 20.0% in the 3rd quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock valued at $700,000 after purchasing an additional 642 shares during the last quarter. 83.38% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on NFLX shares. Jefferies Group reiterated a “hold” rating and issued a $165.00 target price (down from $171.80) on shares of Netflix in a report on Wednesday, August 9th. J P Morgan Chase & Co restated a “buy” rating on shares of Netflix in a research note on Wednesday, August 9th. Wedbush restated a “sell” rating on shares of Netflix in a research note on Wednesday, August 9th. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $165.75 price target on the stock in a research note on Thursday, August 10th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $205.00 price target on shares of Netflix in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $209.65.
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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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