Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton Sells 6,364 Shares of Stock

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

Netflix Trading Down 0.5 %

Netflix stock opened at $875.00 on Thursday. Netflix, Inc. has a 1 year low of $472.95 and a 1 year high of $941.75. The firm’s 50 day moving average price is $874.05 and its 200-day moving average price is $750.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $374.03 billion, a P/E ratio of 49.52, a PEG ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released 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. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. On average, equities analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Institutional Trading of Netflix

Large investors have recently added to or reduced their stakes in the company. Clifford Swan Investment Counsel LLC increased its stake in Netflix by 2.6% during the second quarter. Clifford Swan Investment Counsel LLC now owns 785 shares of the Internet television network’s stock worth $530,000 after acquiring an additional 20 shares during the last quarter. Liberty Wealth Management LLC bought a new position in shares of Netflix during the 2nd quarter valued at approximately $2,633,000. LGT Group Foundation raised its holdings in Netflix by 3,097.5% during the 2nd quarter. LGT Group Foundation now owns 7,674 shares of the Internet television network’s stock valued at $5,179,000 after buying an additional 7,434 shares during the period. LGT Fund Management Co Ltd. lifted its position in Netflix by 39.3% in the second quarter. LGT Fund Management Co Ltd. now owns 8,034 shares of the Internet television network’s stock worth $5,422,000 after buying an additional 2,268 shares during the last quarter. Finally, Global X Japan Co. Ltd. boosted its stake in Netflix by 15.7% during the second quarter. Global X Japan Co. Ltd. now owns 8,470 shares of the Internet television network’s stock worth $5,716,000 after buying an additional 1,147 shares during the period. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wells Fargo & Company raised their price objective on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Canaccord Genuity Group boosted their price objective on shares of Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Pivotal Research increased their target price on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Needham & Company LLC boosted their price target on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group increased their price objective on Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $824.30.

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.