Netflix, Inc. (NASDAQ:NFLX) saw unusually-strong trading volume on Thursday . Approximately 464,970 shares changed hands during trading, a decline of 95% from the previous session’s volume of 10,281,356 shares.The stock last traded at $390.33 and had previously closed at $382.95.
Several equities research analysts have issued reports on NFLX shares. Royal Bank of Canada reiterated a “buy” rating and set a $360.00 price objective on shares of Netflix in a research note on Friday, June 1st. SunTrust Banks set a $270.00 price objective on shares of Netflix and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Zacks Investment Research downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Thursday, April 19th. Goldman Sachs Group restated a “buy” rating and issued a $390.00 target price on shares of Netflix in a research note on Tuesday, April 17th. Finally, Vetr downgraded shares of Netflix from a “hold” rating to a “sell” rating and set a $300.13 target price for the company. in a research note on Monday, March 26th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and an average price target of $297.58.
The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.63. The stock has a market cap of $157.12 billion, a price-to-earnings ratio of 314.99, a PEG ratio of 4.71 and a beta of 1.00.
In other news, CEO Reed Hastings sold 75,271 shares of the stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $316.98, for a total value of $23,859,401.58. Following the completion of the sale, the chief executive officer now directly owns 75,271 shares of the company’s stock, valued at $23,859,401.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $283.39, for a total transaction of $198,373.00. Following the completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at $2,095,102.27. The disclosure for this sale can be found here. Over the last quarter, insiders sold 268,318 shares of company stock valued at $87,229,470. Corporate insiders own 4.29% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in Netflix during the first quarter valued at approximately $1,512,000. PagnatoKarp Partners LLC bought a new position in Netflix during the first quarter valued at approximately $399,000. 180 Wealth Advisors LLC raised its position in Netflix by 53.4% during the first quarter. 180 Wealth Advisors LLC now owns 3,178 shares of the Internet television network’s stock valued at $936,000 after acquiring an additional 1,106 shares in the last quarter. Suntrust Banks Inc. raised its position in Netflix by 52.0% during the first quarter. Suntrust Banks Inc. now owns 45,045 shares of the Internet television network’s stock valued at $13,303,000 after acquiring an additional 15,417 shares in the last quarter. Finally, BKD Wealth Advisors LLC bought a new position in Netflix during the first quarter valued at approximately $207,000. 77.34% of the stock is owned by institutional investors and hedge funds.
Netflix Company Profile
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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