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

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

Netflix Stock Performance

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

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating 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 firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. On average, sell-side analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NFLX. Clifford Swan Investment Counsel LLC raised its stake in shares of Netflix by 2.6% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 785 shares of the Internet television network’s stock worth $530,000 after buying an additional 20 shares during the period. Liberty Wealth Management LLC acquired a new position in Netflix during the second quarter worth $2,633,000. LGT Group Foundation lifted its holdings in Netflix by 3,097.5% during the second quarter. LGT Group Foundation now owns 7,674 shares of the Internet television network’s stock valued at $5,179,000 after purchasing an additional 7,434 shares in the last quarter. LGT Fund Management Co Ltd. grew its position in shares of Netflix by 39.3% in the second quarter. LGT Fund Management Co Ltd. now owns 8,034 shares of the Internet television network’s stock valued at $5,422,000 after purchasing an additional 2,268 shares during the period. Finally, Global X Japan Co. Ltd. increased its stake in shares of Netflix by 15.7% during the second quarter. Global X Japan Co. Ltd. now owns 8,470 shares of the Internet television network’s stock worth $5,716,000 after purchasing an additional 1,147 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Needham & Company LLC upped their price target on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Barclays reissued an “underweight” rating and set a $550.00 price objective on shares of Netflix in a report on Friday, October 18th. Wells Fargo & Company boosted their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group increased their target price on Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $824.30.

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.