Netflix, Inc. (NASDAQ:NFLX - Get Free Report) insider David A. Hyman sold 268 shares of the business's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.62, for a total value of $159,090.16. Following the sale, the insider now directly owns 31,610 shares of the company's stock, valued at $18,764,328.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Netflix Trading Up 3.0 %
NASDAQ:NFLX opened at $596.97 on Tuesday. Netflix, Inc. has a twelve month low of $322.03 and a twelve month high of $639.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average price of $602.76 and a two-hundred day moving average price of $530.17. The company has a market cap of $257.27 billion, a P/E ratio of 41.43, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23.
Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts' consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the prior year, the firm posted $2.88 EPS. The business's revenue was up 14.8% on a year-over-year basis. As a group, analysts expect that Netflix, Inc. will post 18.3 EPS for the current fiscal year.
Institutional Investors Weigh In On Netflix
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A number of institutional investors and hedge funds have recently made changes to their positions in NFLX. Norges Bank bought a new stake in shares of Netflix during the 4th quarter worth approximately $2,558,598,000. Wellington Management Group LLP raised its stake in shares of Netflix by 540.9% during the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network's stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares in the last quarter. International Assets Investment Management LLC raised its stake in Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network's stock valued at $1,010,553,000 after acquiring an additional 2,061,859 shares during the period. Jennison Associates LLC raised its stake in Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network's stock valued at $2,654,602,000 after acquiring an additional 1,573,978 shares during the period. Finally, Global Assets Advisory LLC bought a new stake in Netflix in the 1st quarter valued at $436,514,000. Institutional investors own 80.93% of the company's stock.
Analysts Set New Price Targets
NFLX has been the subject of several recent research reports. Rosenblatt Securities dropped their price objective on Netflix from $554.00 to $540.00 and set a "neutral" rating for the company in a report on Friday, April 19th. Robert W. Baird boosted their price objective on Netflix from $500.00 to $600.00 and gave the stock an "outperform" rating in a report on Wednesday, January 24th. KeyCorp boosted their price objective on Netflix from $580.00 to $705.00 and gave the stock an "overweight" rating in a report on Wednesday, March 20th. Canaccord Genuity Group reissued a "hold" rating and set a $585.00 price objective (down from $720.00) on shares of Netflix in a report on Friday, April 19th. Finally, Piper Sandler upped their price target on Netflix from $550.00 to $600.00 and gave the company a "neutral" rating in a research note on Friday, April 12th. 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $631.15.
Check Out Our Latest Analysis on Netflix
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.
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