Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $196.16, for a total value of $392,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company earned $0.09 earnings per share. Netflix’s revenue was up 32.3% on a year-over-year basis.
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A number of brokerages have weighed in on NFLX. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $225.00 target price (up from $210.00) on shares of Netflix in a report on Friday. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $235.00 target price (up from $200.00) on shares of Netflix in a report on Friday. Citigroup Inc. lifted their target price on Netflix from $180.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday. Sanford C. Bernstein set a $230.00 target price on Netflix and gave the stock a “buy” rating in a report on Thursday. Finally, Zacks Investment Research downgraded Netflix from a “buy” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirty have assigned a buy rating to the stock. Netflix presently has a consensus rating of “Buy” and an average target price of $190.99.
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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