Netflix, Inc. (NASDAQ:NFLX) Director Sells $5,596,374.32 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Netflix Trading Down 4.3 %

NASDAQ:NFLX opened at $837.69 on Friday. The firm has a market capitalization of $358.08 billion, a P/E ratio of 47.41, a P/E/G ratio of 1.77 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average of $878.06 and a 200 day moving average of $752.69. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Institutional Investors Weigh In On Netflix

Several institutional investors and hedge funds have recently bought and sold shares of the business. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix in the 3rd quarter worth about $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix during the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix during the third quarter valued at about $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NFLX. Citigroup lifted their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Pivotal Research boosted their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays reaffirmed an “underweight” rating and set a $550.00 price objective on shares of Netflix in a research note on Friday, October 18th. Jefferies Financial Group boosted their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $824.00.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.