NFLX Stock: Insider Selling: Netflix, Inc Director Sells 700 Shares of Stock

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Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $194.29, for a total value of $136,003.00. Following the transaction, the director now owns 7,393 shares in the company, valued at approximately $1,436,385.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Netflix, Inc. (NFLX) traded down $0.70 during trading on Tuesday, reaching $195.05. 3,209,500 shares of the company were exchanged, compared to its average volume of 6,629,687. Netflix, Inc. has a 1 year low of $113.95 and a 1 year high of $204.38. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The firm has a market cap of $84,707.12, a price-to-earnings ratio of 197.73, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39.

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 analysts’ consensus estimates of $0.32 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 EPS. equities analysts expect that Netflix, Inc. will post 1.26 earnings per share for the current year.

Several large investors have recently modified their holdings of NFLX. Quadrant Capital Group LLC lifted its stake in shares of Netflix by 0.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after purchasing an additional 10 shares during the last quarter. Heritage Investors Management Corp lifted its stake in shares of Netflix by 0.6% in the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after purchasing an additional 12 shares during the last quarter. Kalos Management Inc. lifted its stake in shares of Netflix by 0.7% in the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after purchasing an additional 12 shares during the last quarter. Northwest Wealth Management LLC lifted its stake in shares of Netflix by 0.8% in the 2nd quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock valued at $282,000 after purchasing an additional 15 shares during the last quarter. Finally, Lincoln Capital Corp lifted its stake in shares of Netflix by 1.0% in the 2nd quarter. Lincoln Capital Corp now owns 2,020 shares of the Internet television network’s stock valued at $302,000 after purchasing an additional 20 shares during the last quarter. 83.47% of the stock is owned by institutional investors.

NFLX has been the topic of a number of research reports. Vetr cut Netflix from a “hold” rating to a “sell” rating and set a $165.09 price target on the stock. in a report on Wednesday, August 30th. Robert W. Baird reaffirmed a “hold” rating and issued a $175.00 target price on shares of Netflix in a research note on Friday, September 1st. Jefferies Group set a $165.00 target price on Netflix and gave the company a “neutral” rating in a research note on Monday, September 18th. KeyCorp reissued a “buy” rating and set a $190.00 price target on shares of Netflix in a research note on Friday, August 25th. Finally, Wedbush set a $93.00 price target on Netflix and gave the stock a “sell” rating in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and thirty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $207.51.

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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