Netflix, Inc. (NASDAQ:NFLX) Director Sells $1,561,700.00 in Stock

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) Director Ann Mather sold 1,358 shares of Netflix stock in a transaction on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Netflix Stock Down 2.7%

Shares of Netflix stock traded down $30.22 during trading on Monday, reaching $1,110.00. The company's stock had a trading volume of 6,471,976 shares, compared to its average volume of 3,751,014. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $472.38 billion, a price-to-earnings ratio of 55.98, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,164.00. The company has a 50-day simple moving average of $984.97 and a two-hundred day simple moving average of $934.31.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the firm earned $8.28 EPS. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Arete Research upgraded Netflix to a "hold" rating in a research report on Thursday, January 23rd. Oppenheimer restated an "outperform" rating and issued a $1,200.00 price objective (up from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Guggenheim reiterated a "buy" rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, Wedbush reiterated an "outperform" rating and issued a $1,200.00 target price on shares of Netflix in a research report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,084.91.

Institutional Trading of Netflix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC lifted its position in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Pathway Financial Advisers LLC raised its stake in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix during the 4th quarter valued at about $27,000. Transce3nd LLC purchased a new position in shares of Netflix during the 4th quarter valued at about $32,000. Finally, Newton One Investments LLC purchased a new position in shares of Netflix during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Company Profile

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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