Richard N. Barton Sells 700 Shares of Netflix, Inc. (NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 700 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $254.87, for a total transaction of $178,409.00. Following the transaction, the director now directly owns 7,393 shares in the company, valued at $1,884,253.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Netflix, Inc. (NASDAQ:NFLX) traded up $7.73 during trading hours on Thursday, hitting $266.00. The stock had a trading volume of 10,969,600 shares, compared to its average volume of 10,776,714. Netflix, Inc. has a fifty-two week low of $138.26 and a fifty-two week high of $286.81. The company has a market capitalization of $119,330.00, a P/E ratio of 219.98, a price-to-earnings-growth ratio of 3.61 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was up 32.6% compared to the same quarter last year. analysts forecast that Netflix, Inc. will post 2.69 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Balentine LLC grew its stake in Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after purchasing an additional 500 shares during the last quarter. James Hambro & Partners acquired a new stake in shares of Netflix during the fourth quarter worth about $106,000. Duncker Streett & Co. Inc. lifted its holdings in shares of Netflix by 47.1% during the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Netflix during the fourth quarter worth about $149,000. Finally, Goodman Financial Corp acquired a new position in Netflix in the fourth quarter valued at approximately $163,000. Hedge funds and other institutional investors own 82.38% of the company’s stock.

A number of research analysts recently weighed in on the stock. MKM Partners raised their price target on shares of Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, January 29th. BidaskClub upgraded shares of Netflix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Vetr downgraded shares of Netflix from a “buy” rating to a “hold” rating and set a $266.45 target price for the company. in a research note on Tuesday, February 6th. UBS Group set a $290.00 target price on shares of Netflix and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Robert W. Baird boosted their price objective on shares of Netflix from $190.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and a consensus target price of $239.39.

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About Netflix

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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