Netflix, Inc. (NFLX) Director Richard N. Barton Sells 700 Shares

Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $211.27, for a total value of $147,889.00. Following the completion of the transaction, the director now directly owns 36,022 shares in the company, valued at approximately $7,610,367.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Netflix, Inc. (NFLX) opened at $212.52 on Thursday. Netflix, Inc. has a 1-year low of $128.50 and a 1-year high of $213.64. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $91,960.00, a price-to-earnings ratio of 214.67, a P/E/G ratio of 3.41 and a beta of 1.34.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. Netflix’s quarterly revenue was up 30.3% compared to the same quarter last year. equities analysts expect that Netflix, Inc. will post 1.26 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Balentine LLC lifted its holdings in shares of Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after buying an additional 500 shares during the period. Almanack Investment Partners LLC. purchased a new stake in shares of Netflix in the 2nd quarter worth $101,000. Aviance Capital Management LLC purchased a new stake in shares of Netflix in the 2nd quarter worth $137,000. Captrust Financial Advisors purchased a new stake in shares of Netflix in the 2nd quarter worth $139,000. Finally, Harfst & Associates Inc. lifted its holdings in shares of Netflix by 36.8% in the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after buying an additional 273 shares during the period. Institutional investors and hedge funds own 83.27% of the company’s stock.

Several research analysts have recently commented on the company. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. Barclays set a $245.00 price objective on Netflix and gave the stock a “buy” rating in a research note on Thursday. Wedbush reaffirmed a “hold” rating and issued a $190.00 price objective (up previously from $180.00) on shares of Netflix in a research note on Wednesday, October 18th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Netflix in a research note on Monday, September 18th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $205.00 price objective on shares of Netflix in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $211.51.

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About Netflix

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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