Investors purchased shares of Netflix, Inc. (NASDAQ:NFLX) on weakness during trading on Friday. $847.00 million flowed into the stock on the tick-up and $748.19 million flowed out of the stock on the tick-down, for a money net flow of $98.81 million into the stock. Of all stocks tracked, Netflix had the 15th highest net in-flow for the day. Netflix traded down ($9.18) for the day and closed at $266.84
A number of research analysts have weighed in on NFLX shares. Macquarie set a $410.00 target price on shares of Netflix and gave the stock a “buy” rating in a research report on Monday, October 29th. BidaskClub lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 6th. JPMorgan Chase & Co. reissued a “buy” rating and set a $415.00 target price on shares of Netflix in a research report on Friday, October 12th. Goldman Sachs Group set a $470.00 target price on shares of Netflix and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Finally, Wedbush reissued a “sell” rating and set a $125.00 target price on shares of Netflix in a research report on Friday, October 12th. Seven equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $372.81.
The company has a market cap of $116.36 billion, a price-to-earnings ratio of 95.64, a PEG ratio of 3.38 and a beta of 1.12. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.66.
In other Netflix news, CEO Reed Hastings sold 78,092 shares of the business’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $266.87, for a total value of $20,840,412.04. Following the transaction, the chief executive officer now directly owns 78,092 shares in the company, valued at $20,840,412.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $376.61, for a total transaction of $376,610.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares in the company, valued at $376,610. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 331,450 shares of company stock worth $107,898,595. Company insiders own 4.29% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in NFLX. MCF Advisors LLC acquired a new position in Netflix in the third quarter valued at about $108,000. Perennial Advisors LLC boosted its position in Netflix by 2,021.4% in the third quarter. Perennial Advisors LLC now owns 297 shares of the Internet television network’s stock valued at $111,000 after buying an additional 283 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in Netflix in the third quarter valued at about $113,000. CSat Investment Advisory L.P. acquired a new position in Netflix in the second quarter valued at about $117,000. Finally, Westside Investment Management Inc. boosted its position in Netflix by 225.5% in the third quarter. Westside Investment Management Inc. now owns 332 shares of the Internet television network’s stock valued at $117,000 after buying an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 74.07% of the company’s stock.
Netflix Company Profile (NASDAQ:NFLX)
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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