Netflix, Inc. (NASDAQ:NFLX – Get Free Report) CEO Gregory K. Peters sold 5,821 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $3,492,600.00. Following the transaction, the CEO now owns 13,090 shares of the company’s stock, valued at approximately $7,854,000. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed on the SEC’s website.
Netflix price performance
NFLX stock opened Friday at $602.92. The company has a market capitalization of $260.92 billion, a P/E ratio of 50.20x, a PEG ratio of 1.64x, and a beta of 1.22x. The company’s 50 day moving average is $532.19 and its 200 day moving average is $462.44. Netflix has a 52-week low of $285.33 and a 52-week high of $605.36. The company has a debt-equity ratio of 0.69, a current ratio of 1.12, and a quick ratio of 1.12.
Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. Internet Television Networks reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $8.83 billion in the quarter, compared to analyst expectations of $8.72 billion. Netflix had a net profit margin of 16.04% and a return on equity of 24.76%. The company’s revenue increased 12.5% year over year. The company’s earnings per share for the same period last year were $0.12. Stock analysts expect Netflix Inc. to post EPS of $16.93 this year.
Analyst sets new price target
Multiple research analysts have recently weighed in on NFLX stock. Benchmark increased their target price on shares of Netflix from $350.00 to $425.00 and gave the company a “sell” rating in a report on Friday, January 19th. Deutsche Bank Aktiengesellschaft downgraded shares of Netflix from a “buy” rating to a “hold” rating and increased their target price for the company from $460.00 to $525.00 in a report on Wednesday, January 24th. KeyCorp increased their target price on shares of Netflix from $545.00 to $580.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. DZ Bank raised shares of Netflix from a “hold” rating to a “buy” rating and set a $600 price objective for the company in a report on Thursday, January 25th. Finally, Robert W. Baird increased their target price on shares of Netflix from $500 to $600 and gave the company an “outperform” rating in a report on Wednesday, January 24th. One equity research analyst has rated the company’s stock as a “sell,” 12 have rated it a “hold,” and 23 have rated it a “buy.” According to MarketBeat.com, Netflix has an average rating of “fair buy” and an average price target of $556.82.
Check out our latest analysis on NFLX
Inflow and outflow of institutions
A number of large investors have recently increased or decreased their stakes in the business. KFA Private Wealth Group LLC increased its holdings in shares of Netflix by 1.9% in the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet Television Network’s stock worth $466,000 after purchasing an additional 18 shares in the last quarter. Legacy Capital Group California Inc. lifted its holdings in shares of Netflix by 0.6% in the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet Television Network’s stock valued at $1,379,000 after purchasing an additional 18 shares in the last quarter. Founders Financial Alliance LLC grew its holdings in shares of Netflix by 2.4% in the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet Television Network’s stock valued at $369,000 after purchasing an additional 18 shares in the last quarter. Addison Advisors LLC grew its position in shares of Netflix by 7.8% in the 4th quarter. Addison Advisors LLC now owns 276 shares of the Internet Television Network’s stock valued at $134,000 after purchasing an additional 20 shares during the period. Finally, Regent Peak Wealth Advisors LLC grew its position in shares of Netflix by 1.6% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet Television Network’s stock valued at $635,000 after purchasing an additional 21 shares during the period. Institutional investors own 79.95% of the company’s stock.
Netflix Company Profile
(Get Free Report)
Netflix, Inc provides entertainment services. We offer TV series, documentaries, feature films, and games in a variety of genres and languages. The company also offers its members the ability to receive streaming content through a number of Internet-connected devices, including televisions, digital video players, television set-top boxes, and mobile devices.
References
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