Netflix, Inc. (NASDAQ:NFLX) Director Sells $1,756,820.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Anne M. Sweeney sold 3,029 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $580.00, for a total transaction of $1,756,820.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Anne M. Sweeney also recently made the following trade(s):

• On Wednesday, May 1st, Anne M. Sweeney sold 633 shares of Netflix stock. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00.

Netflix Price Performance

Shares of NFLX opened at $606.00 on Wednesday. Netflix, Inc. has a 1-year low of $322.03 and a 1-year high of $639.00. The stock has a market cap of $261.16 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a fifty day moving average price of $602.85 and a 200 day moving average price of $531.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.88 earnings per share. As a group, sell-side analysts anticipate that Netflix, Inc. will post 18.3 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. Canaccord Genuity Group downgraded shares of Netflix from a “buy” rating to a “hold” rating and dropped their target price for the company from $720.00 to $585.00 in a report on Friday, April 19th. Bank of America lifted their target price on shares of Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, April 19th. Sanford C. Bernstein lifted their target price on shares of Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a report on Monday, April 15th. Finally, Wells Fargo & Company lifted their target price on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $631.15.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Valued Wealth Advisors LLC increased its stake in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the period. Indiana Trust & Investment Management CO increased its stake in Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the period. VitalStone Financial LLC increased its stake in Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares during the period. Scarborough Advisors LLC acquired a new position in Netflix in the fourth quarter valued at $32,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in Netflix in the third quarter valued at $25,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Company Profile

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.