Insider Selling: Netflix, Inc. (NFLX) Director Sells $315,620.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $157.81, for a total transaction of $315,620.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,264,373.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Netflix, Inc. (NASDAQ:NFLX) traded down 0.55% during midday trading on Friday, reaching $162.16. 3,216,721 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $152.10 and a 200-day moving average of $138.11. The stock has a market cap of $69.89 billion, a price-to-earnings ratio of 209.78 and a beta of 1.27. Netflix, Inc. has a one year low of $84.50 and a one year high of $164.10. Netflix also was the target of unusually large options trading activity on Thursday. Stock investors acquired 15,669 call options on the stock. This represents an increase of approximately 258% compared to the typical daily volume of 4,374 call options.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The company’s revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post $1.04 earnings per share for the current year.

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

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A number of research analysts have recently commented on the company. Loop Capital raised their price target on Netflix from $162.00 to $172.00 and gave the company an “outperform” rating in a report on Wednesday, April 19th. Canaccord Genuity reissued a “buy” rating and set a $165.00 price target on shares of Netflix in a report on Thursday. Piper Jaffray Companies raised their price target on Netflix from $166.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday. William Blair reaffirmed an “outperform” rating on shares of Netflix in a report on Thursday. Finally, Vetr lowered Netflix from a “buy” rating to a “hold” rating and set a $166.13 target price on the stock. in a report on Thursday. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $147.14.

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Rock Advisors LLC boosted its position in shares of Netflix by 4.5% in the third quarter. Blue Rock Advisors LLC now owns 7,599 shares of the Internet television network’s stock valued at $749,000 after buying an additional 328 shares in the last quarter. Sigma Planning Corp boosted its position in shares of Netflix by 0.5% in the third quarter. Sigma Planning Corp now owns 10,692 shares of the Internet television network’s stock valued at $1,054,000 after buying an additional 54 shares in the last quarter. Advisor Partners LLC boosted its position in shares of Netflix by 12.4% in the third quarter. Advisor Partners LLC now owns 7,194 shares of the Internet television network’s stock valued at $709,000 after buying an additional 796 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Netflix by 0.5% in the third quarter. Arizona State Retirement System now owns 105,600 shares of the Internet television network’s stock valued at $10,407,000 after buying an additional 500 shares in the last quarter. Finally, Quantitative Investment Management LLC acquired a new position in shares of Netflix during the third quarter valued at $5,390,000. 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.

12 Month Chart for NASDAQ:NFLX

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