Traders Buy Shares of Netflix (NFLX) on Weakness

Investors bought shares of Netflix, Inc. (NASDAQ:NFLX) on weakness during trading on Monday. $652.42 million flowed into the stock on the tick-up and $604.95 million flowed out of the stock on the tick-down, for a money net flow of $47.47 million into the stock. Of all equities tracked, Netflix had the 14th highest net in-flow for the day. Netflix traded down ($1.75) for the day and closed at $278.52

NFLX has been the subject of a number of recent analyst reports. MKM Partners upped their price target on shares of Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a report on Monday, January 29th. Wedbush set a $93.00 price target on shares of Netflix and gave the company a “sell” rating in a report on Friday, January 19th. Bank of America upped their price target on shares of Netflix from $225.00 to $199.00 and gave the company a “buy” rating in a report on Friday, December 1st. Goldman Sachs Group set a $315.00 price target on shares of Netflix and gave the company a “buy” rating in a report on Friday, January 19th. Finally, Macquarie upgraded shares of Netflix from a “neutral” rating to an “outperform” rating and upped their price target for the company from $200.00 to $220.00 in a report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and an average price target of $239.39.

The stock has a market capitalization of $120,860.00, a P/E ratio of 222.82, a P/E/G ratio of 3.82 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. equities research analysts anticipate that Netflix, Inc. will post 2.73 earnings per share for the current year.

In other news, CEO Reed Hastings sold 75,243 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the completion of the sale, the chief executive officer now owns 75,243 shares of the company’s stock, valued at $14,766,438.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Leslie J. Kilgore sold 630 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $279.00, for a total transaction of $175,770.00. Following the sale, the director now directly owns 35,826 shares of the company’s stock, valued at approximately $9,995,454. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 468,901 shares of company stock valued at $107,604,303. Corporate insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. J. Goldman & Co LP increased its holdings in shares of Netflix by 41.4% during the fourth quarter. J. Goldman & Co LP now owns 66,864 shares of the Internet television network’s stock worth $12,835,000 after buying an additional 19,564 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Netflix by 70.6% during the fourth quarter. William Blair Investment Management LLC now owns 322,321 shares of the Internet television network’s stock worth $61,873,000 after buying an additional 133,417 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Netflix by 10.4% during the fourth quarter. Salem Investment Counselors Inc. now owns 17,620 shares of the Internet television network’s stock worth $3,382,000 after buying an additional 1,653 shares in the last quarter. Compagnie Lombard Odier SCmA increased its holdings in shares of Netflix by 6.8% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 5,445 shares of the Internet television network’s stock worth $1,045,000 after buying an additional 345 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of Netflix by 61.8% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 21,214 shares of the Internet television network’s stock worth $4,072,000 after buying an additional 8,100 shares in the last quarter. 82.23% of the stock is owned by institutional investors.

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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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