Netflix, Inc. (NASDAQ:NFLX) Director Sells $2,203,800.00 in Stock

Netflix, Inc. (NASDAQ:NFLXGet Free Report) Director Ann Mather sold 3,673 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Netflix Stock Performance

Shares of NFLX stock traded down $5.19 during midday trading on Wednesday, hitting $596.48. The company had a trading volume of 2,603,738 shares, compared to its average volume of 5,349,981. The company’s 50 day simple moving average is $529.96 and its 200 day simple moving average is $461.46. Netflix, Inc. has a 52-week low of $285.33 and a 52-week high of $605.36. The stock has a market cap of $258.13 billion, a price-to-earnings ratio of 49.67, a PEG ratio of 1.60 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. Netflix’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. Research analysts anticipate that Netflix, Inc. will post 16.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently added to or reduced their stakes in NFLX. Fairfield Bush & CO. grew its position in Netflix by 26.5% during the first quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock valued at $916,000 after acquiring an additional 512 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Netflix by 21.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock worth $179,820,000 after buying an additional 84,179 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Netflix by 14.2% in the first quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock worth $1,094,000 after buying an additional 363 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of Netflix by 6.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock worth $13,610,000 after buying an additional 2,358 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Netflix by 13.1% in the first quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock worth $1,426,000 after buying an additional 441 shares during the period. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore ISI upped their target price on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Wedbush increased their price target on Netflix from $525.00 to $615.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Sanford C. Bernstein increased their price target on Netflix from $390.00 to $490.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. Robert W. Baird increased their price target on Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft cut Netflix from a “buy” rating to a “hold” rating and increased their price target for the stock from $460.00 to $525.00 in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $556.82.

Get Our Latest Research Report on NFLX

Netflix Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.