Netflix, Inc. (NASDAQ: NFLX) Chief Operating Officer Gregory K. Peters sold 6,455 shares of the company in a trade dated Monday, October 4. The shares were sold for an average price of $ 625.00, for a total value of $ 4,034,375.00. The sale was disclosed in a file with the SEC, accessible through this link.
NASDAQ NFLX shares traded up $ 4.29 at midday on Wednesday, reaching $ 639.10. The company’s shares had a trading volume of 4,512,937 shares, compared to its average volume of 4,097,339. The stock has a 50-day moving average of $ 564.62 and a two-hundred-day moving average. of $ 533.00. The stock has a market cap of $ 282.86 billion, a P / E ratio of 66.23, a P / E / G ratio of 1.88 and a beta of 0.76. The company has a debt ratio of 1.08, a quick ratio of 1.23, and a current ratio of 1.23. Netflix, Inc. has a one-year low of $ 463.41 and a one-year high of $ 640.39.
Netflix (NASDAQ: NFLX) last released its results on Monday, July 19. The Internet TV network reported EPS of $ 2.97 for the quarter, missing the Zacks’ consensus estimate of $ 3.16 of ($ 0.19). The company posted revenue of $ 7.34 billion in the quarter, compared to analysts’ estimates of $ 7.32 billion. Netflix had a net margin of 15.92% and a return on equity of 36.49%. Netflix’s quarterly revenue grew 19.4% year-on-year. In the same quarter of last year, the company made earnings per share of $ 1.59. Analysts predict Netflix, Inc. will post 10.38 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently changed their holdings in the company. Vanguard Group Inc. increased its position in shares of Netflix by 0.3% in the second quarter. Vanguard Group Inc. now owns 33,372,371 shares of the Internet TV network valued at $ 17,627,620,000 after purchasing an additional 113,836 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Netflix by 0.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,517,596 shares of the Internet TV network valued at $ 10,181,549,000 after purchasing an additional 86,712 shares during the last quarter. Capital International Investors increased its position in Netflix shares by 13.7% in the second quarter. Capital International Investors now owns 19,206,004 shares of the Internet television network valued at $ 10,144,956,000 after purchasing an additional 2,319,459 shares in the last quarter. State Street Corp increased its position in shares of Netflix by 1.7% in the second quarter. State Street Corp now owns 16,112,594 shares of the Internet TV network valued at $ 8,510,833,000 after purchasing an additional 269,856 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Netflix by 1.8% during the second quarter. Geode Capital Management LLC now owns 6,874,069 Internet TV Network shares worth $ 3,619,475,000 after purchasing an additional 121,850 shares during the last quarter. Institutional investors and hedge funds hold 79.51% of the company’s shares.
Several brokerages have weighed on NFLX. Wedbush reissued an “underperformance” rating and issued a price target of $ 342.00 on Netflix shares in a report released on Wednesday, July 21. JPMorgan Chase & Co. raised its price target on Netflix from $ 625.00 to $ 705.00 and rated the stock “overweight” in a Wednesday, September 8 research note. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” note and issued a price target of $ 590.00 (vs. $ 575.00) on shares of Netflix in a research note on Wednesday, July 21. KeyCorp reduced its price target on Netflix from $ 650.00 to $ 645.00 and set an “overweight” rating for the company in a research note on Wednesday, July 21. Finally, the Goldman Sachs group began covering Netflix in a research note on Monday, September 13. They issued a “neutral” rating and a price target of $ 590.00 for the company. Three investment analysts assigned a sell rating to the stock, eight assigned a conservation rating and twenty-seven assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $ 624.84.
Netflix, Inc. operates as a streaming entertainment service company. The company offers a subscription service for streaming movies and TV episodes over the Internet and sending DVDs by mail. It operates through the following segments: Home Streaming, International Streaming and Home DVD. The Domestic Streaming segment derives its revenue from monthly membership fees for services consisting of streaming content for its members in the United States.
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