Netflix, Inc. (NASDAQ:NFLX - Get Free Report) Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Netflix Stock Performance
Shares of Netflix stock opened at $883.85 on Thursday. The business has a fifty day simple moving average of $747.20 and a two-hundred day simple moving average of $686.80. The firm has a market capitalization of $377.81 billion, a P/E ratio of 50.02, a P/E/G ratio of 1.68 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $445.73 and a 12 month high of $890.60.
Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, equities analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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A number of large investors have recently added to or reduced their stakes in NFLX. State Street Corp increased its holdings in shares of Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Geode Capital Management LLC increased its stake in Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network's stock valued at $6,464,736,000 after purchasing an additional 123,029 shares in the last quarter. Jennison Associates LLC increased its stake in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock valued at $4,958,417,000 after purchasing an additional 316,594 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock worth $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network's stock worth $3,473,571,000 after buying an additional 23,702 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.
Wall Street Analyst Weigh In
NFLX has been the topic of a number of research reports. Jefferies Financial Group raised their price target on Netflix from $780.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $590.00 to $650.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Canaccord Genuity Group increased their price target on shares of Netflix from $750.00 to $760.00 and gave the company a "hold" rating in a research report on Friday, October 18th. StockNews.com upgraded shares of Netflix from a "hold" rating to a "buy" rating in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Netflix from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $758.76.
Check Out Our Latest Report on Netflix
About Netflix
(
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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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