David B. Wells Sells 1,000 Shares of Netflix, Inc. (NFLX) Stock

Share on StockTwits

Netflix, Inc. (NASDAQ:NFLX) CFO David B. Wells sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $366.76, for a total transaction of $366,760.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $366,760. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Netflix stock opened at $348.68 on Friday. The company has a market cap of $150.87 billion, a price-to-earnings ratio of 158.20, a price-to-earnings-growth ratio of 4.33 and a beta of 0.90. Netflix, Inc. has a 52-week low of $176.25 and a 52-week high of $423.21. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.86.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.94 billion. Netflix had a net margin of 7.13% and a return on equity of 25.66%. The firm’s quarterly revenue was up 40.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. equities analysts expect that Netflix, Inc. will post 2.67 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Netflix by 6.1% in the 2nd quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after purchasing an additional 1,534,290 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Netflix by 4.2% in the 1st quarter. BlackRock Inc. now owns 26,816,614 shares of the Internet television network’s stock valued at $7,920,289,000 after purchasing an additional 1,069,420 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of Netflix by 39,296.1% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 929,355 shares of the Internet television network’s stock valued at $2,334,000 after purchasing an additional 926,996 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in shares of Netflix by 49,540.2% in the 1st quarter. Summit Trail Advisors LLC now owns 907,422 shares of the Internet television network’s stock valued at $907,000 after purchasing an additional 905,594 shares in the last quarter. Finally, Baillie Gifford & Co. raised its holdings in shares of Netflix by 12.0% in the 1st quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock valued at $2,302,183,000 after purchasing an additional 837,285 shares in the last quarter. Institutional investors own 73.76% of the company’s stock.

NFLX has been the subject of several analyst reports. Goldman Sachs Group reissued a “$375.13” rating and issued a $470.00 price target on shares of Netflix in a research note on Wednesday, July 18th. Monness Crespi & Hardt increased their price objective on shares of Netflix from $375.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, June 19th. Oppenheimer reaffirmed a “buy” rating and set a $370.00 price objective on shares of Netflix in a research report on Thursday, June 14th. Royal Bank of Canada reaffirmed a “buy” rating and set a $360.00 price objective on shares of Netflix in a research report on Friday, June 1st. Finally, MKM Partners increased their price objective on shares of Netflix from $320.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, May 29th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirty have issued a buy rating to the stock. Netflix presently has an average rating of “Hold” and an average target price of $349.29.

About Netflix

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.

Featured Story: Leveraged Buyout (LBO) Explained

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.

Leave a Reply