Richard N. Barton Sells 6,364 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares in the company, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Netflix Stock Down 0.5 %

NASDAQ NFLX traded down $4.19 during trading hours on Wednesday, hitting $875.00. 2,343,756 shares of the company were exchanged, compared to its average volume of 2,747,146. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $374.03 billion, a price-to-earnings ratio of 49.52, a PEG ratio of 1.77 and a beta of 1.27. The company has a 50 day moving average of $871.62 and a two-hundred day moving average of $749.78. Netflix, Inc. has a 52-week low of $472.95 and a 52-week high of $941.75.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Equities research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Bank of America boosted their target price on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group increased their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Pivotal Research boosted their price objective on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Guggenheim upped their target price on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $824.30.

Institutional Investors Weigh In On Netflix

Several institutional investors have recently modified their holdings of the company. Legacy Private Trust Co. increased its holdings in Netflix by 2.4% in the fourth quarter. Legacy Private Trust Co. now owns 3,274 shares of the Internet television network’s stock valued at $2,918,000 after buying an additional 78 shares during the last quarter. Farmers Trust Co. purchased a new position in shares of Netflix in the 4th quarter valued at about $202,000. Douglas Lane & Associates LLC increased its holdings in shares of Netflix by 17.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 579 shares of the Internet television network’s stock valued at $516,000 after acquiring an additional 88 shares during the last quarter. Private Client Services LLC acquired a new stake in shares of Netflix during the 4th quarter worth about $234,000. Finally, Worth Asset Management LLC lifted its stake in Netflix by 210.3% during the fourth quarter. Worth Asset Management LLC now owns 3,094 shares of the Internet television network’s stock worth $2,758,000 after purchasing an additional 2,097 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

About Netflix

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.