Netflix, Inc. (NASDAQ:NFLX) insider Tawni Cranz sold 2,135 shares of the company’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $146.49, for a total transaction of $312,756.15. Following the completion of the sale, the insider now directly owns 2,135 shares in the company, valued at $312,756.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Tawni Cranz also recently made the following trade(s):
- On Tuesday, February 7th, Tawni Cranz sold 2,170 shares of Netflix stock. The shares were sold at an average price of $144.23, for a total transaction of $312,979.10.
Netflix, Inc. (NASDAQ:NFLX) traded up 0.46% on Monday, reaching $145.78. 2,726,378 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $142.28 and its 200 day moving average price is $122.90. The firm has a market capitalization of $62.75 billion, a price-to-earnings ratio of 339.02 and a beta of 1.27. Netflix, Inc. has a 1-year low of $84.50 and a 1-year high of $146.50.
Netflix (NASDAQ:NFLX) last announced its earnings results on Wednesday, January 18th. The Internet television network reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The business earned $2.48 billion during the quarter, compared to the consensus estimate of $2.47 billion. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. On average, analysts expect that Netflix, Inc. will post $1.13 earnings per share for the current year.
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NFLX has been the topic of several recent research reports. Cantor Fitzgerald upped their price target on shares of Netflix to $160.00 in a report on Thursday, January 19th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $128.64 price target on the stock in a report on Thursday, December 8th. Brean Capital reaffirmed a “buy” rating and issued a $145.00 price target on shares of Netflix in a report on Wednesday, December 7th. Canaccord Genuity reaffirmed a “buy” rating and issued a $140.00 price target on shares of Netflix in a report on Sunday, December 4th. Finally, Stifel Nicolaus upped their price target on shares of Netflix from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 21st. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have given a buy rating to the stock. Netflix presently has an average rating of “Buy” and a consensus target price of $137.84.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Netflix during the fourth quarter valued at $114,000. Norges Bank purchased a new position in shares of Netflix during the fourth quarter valued at $357,283,000. Thrivent Financial for Lutherans increased its position in shares of Netflix by 6.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,970 shares of the Internet television network’s stock valued at $1,853,000 after buying an additional 910 shares during the period. IFM Investors Pty Ltd purchased a new position in shares of Netflix during the fourth quarter valued at $680,000. Finally, Independent Advisor Alliance purchased a new position in shares of Netflix during the fourth quarter valued at $2,464,000. Institutional investors and hedge funds own 80.42% of the company’s stock.
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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