Netflix, Inc. (NFLX) Insider Sells $218,820.40 in Stock

Netflix, Inc. (NASDAQ:NFLX) insider Jonathan Friedland sold 995 shares of Netflix stock in a transaction on Friday, January 12th. The stock was sold at an average price of $219.92, for a total transaction of $218,820.40. Following the sale, the insider now directly owns 1,016 shares in the company, valued at approximately $223,438.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jonathan Friedland also recently made the following trade(s):

  • On Monday, January 8th, Jonathan Friedland sold 3,180 shares of Netflix stock. The stock was sold at an average price of $211.64, for a total transaction of $673,015.20.
  • On Wednesday, January 3rd, Jonathan Friedland sold 2,743 shares of Netflix stock. The stock was sold at an average price of $205.59, for a total transaction of $563,933.37.
  • On Tuesday, October 17th, Jonathan Friedland sold 3,617 shares of Netflix stock. The stock was sold at an average price of $203.35, for a total transaction of $735,516.95.

Shares of Netflix, Inc. (NASDAQ:NFLX) traded up $3.99 during trading hours on Friday, reaching $221.23. 8,188,580 shares of the company’s stock were exchanged, compared to its average volume of 6,460,000. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $95,730.00, a price-to-earnings ratio of 223.46, a PEG ratio of 3.53 and a beta of 1.34. Netflix, Inc. has a one year low of $130.58 and a one year high of $222.55.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. equities analysts forecast that Netflix, Inc. will post 1.25 earnings per share for the current fiscal year.

Several brokerages have issued reports on NFLX. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. Barclays assumed coverage on shares of Netflix in a research note on Thursday. They set an “overweight” rating and a $245.00 target price on the stock. UBS Group set a $250.00 price target on Netflix and gave the stock a “buy” rating in a report on Thursday. Wedbush reiterated a “hold” rating and set a $190.00 price target (up previously from $180.00) on shares of Netflix in a report on Wednesday, October 18th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $215.00 price target on shares of Netflix in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $211.77.

A number of large investors have recently modified their holdings of NFLX. FMR LLC increased its stake in Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares during the period. Janus Henderson Group PLC increased its stake in Netflix by 3,478.1% during the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after purchasing an additional 1,984,404 shares during the period. Vanguard Group Inc. increased its stake in Netflix by 2.9% during the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after purchasing an additional 789,190 shares during the period. Winslow Capital Management LLC increased its stake in Netflix by 495,050.8% during the second quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock worth $93,216,000 after purchasing an additional 623,764 shares during the period. Finally, BlackRock Inc. increased its stake in Netflix by 1.7% during the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after purchasing an additional 423,968 shares during the period. Institutional investors own 83.27% of the company’s stock.

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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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