Netflix, Inc. (NASDAQ:NFLX) Director Sells $604,481.07 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Netflix Stock Down 0.7 %

NASDAQ:NFLX opened at $977.59 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The firm has a market cap of $417.88 billion, a PE ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a 50-day moving average of $892.06 and a 200 day moving average of $764.95. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter last year, the company earned $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Institutional Trading of Netflix

Several large investors have recently bought and sold shares of the stock. Patron Partners LLC raised its stake in shares of Netflix by 4.6% during the 4th quarter. Patron Partners LLC now owns 1,214 shares of the Internet television network’s stock valued at $1,082,000 after buying an additional 53 shares during the last quarter. Trust Point Inc. raised its position in shares of Netflix by 5.3% in the fourth quarter. Trust Point Inc. now owns 3,091 shares of the Internet television network’s stock valued at $2,755,000 after buying an additional 155 shares during the last quarter. Blodgett Wealth Advisors LLC lifted its stake in Netflix by 49.4% in the 4th quarter. Blodgett Wealth Advisors LLC now owns 635 shares of the Internet television network’s stock worth $566,000 after purchasing an additional 210 shares in the last quarter. Matisse Capital acquired a new position in Netflix during the fourth quarter worth $250,000. Finally, Childress Capital Advisors LLC boosted its position in shares of Netflix by 1.9% during the 4th quarter. Childress Capital Advisors LLC now owns 1,680 shares of the Internet television network’s stock valued at $1,497,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Loop Capital increased their target price on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a report on Wednesday. Evercore ISI lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday. Wedbush reissued an “outperform” rating and issued a $1,150.00 price objective (up from $950.00) on shares of Netflix in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,009.29.

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.