Investors Buy Shares of Netflix (NFLX) on Weakness

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.



Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.21. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 2.63 earnings per share for the current fiscal year.

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.

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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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