NFLX Stock: Netflix, Inc Insider Sells $563,933.37 in Stock

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Netflix, Inc. (NASDAQ:NFLX) insider Jonathan Friedland sold 2,743 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $205.59, for a total value of $563,933.37. Following the completion of the sale, the insider now directly owns 1,147 shares in the company, valued at approximately $235,811.73. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Friday, January 12th, Jonathan Friedland sold 995 shares of Netflix stock. The shares were sold at an average price of $219.92, for a total value of $218,820.40.
  • On Monday, January 8th, Jonathan Friedland sold 3,180 shares of Netflix stock. The shares were sold at an average price of $211.64, for a total value of $673,015.20.
  • On Tuesday, October 17th, Jonathan Friedland sold 3,617 shares of Netflix stock. The stock was sold at an average price of $203.35, for a total value of $735,516.95.
  • On Friday, October 6th, Jonathan Friedland sold 3,622 shares of Netflix stock. The stock was sold at an average price of $194.89, for a total value of $705,891.58.

Shares of Netflix, Inc. (NASDAQ NFLX) traded up $3.99 during trading on Friday, hitting $221.23. The stock had a trading volume of 8,188,580 shares, compared to its average volume of 6,460,000. 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 capitalization of $95,730.00, a P/E ratio of 223.46, a PEG ratio of 3.53 and a beta of 1.34. Netflix, Inc. has a 12 month low of $130.58 and a 12 month high of $222.55.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. sell-side analysts expect that Netflix, Inc. will post 1.25 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Netflix by 2.9% during the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after purchasing an additional 789,190 shares during the last quarter. BlackRock Inc. lifted its position in shares of Netflix by 1.7% during the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after purchasing an additional 423,968 shares during the last quarter. FMR LLC lifted its position in shares of Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Netflix by 5.0% during the third quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock worth $659,809,000 after purchasing an additional 172,229 shares during the last quarter. Finally, Tybourne Capital Management HK Ltd. lifted its position in shares of Netflix by 3.6% during the second quarter. Tybourne Capital Management HK Ltd. now owns 2,400,536 shares of the Internet television network’s stock worth $358,664,000 after purchasing an additional 84,341 shares during the last quarter. Institutional investors own 83.27% of the company’s stock.

A number of research analysts have weighed in on NFLX shares. Credit Suisse Group set a $224.00 price target on Netflix and gave the stock a “neutral” rating in a research note on Monday, January 8th. BidaskClub lowered Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Citigroup increased their price target on Netflix from $180.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Vetr upgraded Netflix from a “buy” rating to a “strong-buy” rating and set a $214.83 price objective for the company in a report on Friday, December 22nd. Finally, Loop Capital upped their price objective on Netflix from $237.00 to $241.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $211.77.

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.

Insider Buying and Selling by Quarter for Netflix (NASDAQ:NFLX)

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