Insider Selling: Netflix, Inc. (NFLX) Insider Sells 10,000 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) insider Neil D. Hunt sold 10,000 shares of the firm’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $146.87, for a total value of $1,468,700.00. Following the transaction, the insider now owns 460,013 shares of the company’s stock, valued at $67,562,109.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 0.57% during mid-day trading on Friday, reaching $141.98. 1,475,817 shares of the company were exchanged. The firm’s 50-day moving average is $143.46 and its 200-day moving average is $130.69. The company has a market capitalization of $61.11 billion, a price-to-earnings ratio of 330.19 and a beta of 1.27. Netflix, Inc. has a 12 month low of $84.50 and a 12 month high of $148.29.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 34.7% compared to the same quarter last year. On average, equities analysts forecast that Netflix, Inc. will post $1.05 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Netflix (NASDAQ:NFLX)

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A number of hedge funds have recently bought and sold shares of NFLX. Hillman Co. bought a new position in Netflix during the third quarter worth about $34,495,000. Fisher Asset Management LLC bought a new position in Netflix during the third quarter worth about $229,000. Bridgecreek Investment Management LLC raised its position in Netflix by 11.9% in the third quarter. Bridgecreek Investment Management LLC now owns 40,005 shares of the Internet television network’s stock worth $3,942,000 after buying an additional 4,255 shares during the period. Appropriate Balance Financial Services Inc. raised its position in Netflix by 7.0% in the third quarter. Appropriate Balance Financial Services Inc. now owns 5,481 shares of the Internet television network’s stock worth $540,000 after buying an additional 360 shares during the period. Finally, Wedbush Securities Inc. boosted its stake in Netflix by 16.1% in the third quarter. Wedbush Securities Inc. now owns 3,256 shares of the Internet television network’s stock worth $321,000 after buying an additional 452 shares in the last quarter. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on NFLX shares. Stifel Nicolaus lifted their target price on Netflix from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research lowered Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, March 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $175.00 target price on shares of Netflix in a report on Monday. FBR & Co raised their price target on Netflix from $144.00 to $145.00 and gave the company a “mkt perform” rating in a research note on Tuesday. Finally, Jefferies Group LLC raised their price target on Netflix from $135.00 to $141.00 and gave the company a “hold” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $145.35.

Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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