Netflix, Inc. (NASDAQ:NFLX) Director Sells $518,320.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Netflix Stock Up 1.4 %

Shares of NASDAQ:NFLX traded up $12.53 on Wednesday, reaching $883.85. The company had a trading volume of 4,088,428 shares, compared to its average volume of 3,663,830. The firm has a market capitalization of $377.81 billion, a PE ratio of 49.36, a PEG ratio of 1.59 and a beta of 1.25. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $890.60. The firm’s 50 day simple moving average is $743.15 and its 200-day simple moving average is $685.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Netflix

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Resource Group boosted its position in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after acquiring an additional 12 shares in the last quarter. New World Advisors LLC lifted its holdings in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after acquiring an additional 14 shares during the last quarter. Heartland Bank & Trust Co raised its stake in Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after acquiring an additional 15 shares during the last quarter. Cedrus LLC lifted its holdings in Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after purchasing an additional 15 shares in the last quarter. Finally, Capstone Triton Financial Group LLC increased its stake in Netflix by 0.6% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after buying an additional 15 shares during the period. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein lifted their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Guggenheim lifted their target price on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Benchmark reaffirmed a “sell” rating and set a $545.00 price target on shares of Netflix in a research note on Tuesday, October 15th. KeyCorp raised their price target on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Canaccord Genuity Group increased their price target on Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $758.76.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.