Anne M. Sweeney Sells 633 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Anne M. Sweeney sold 633 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total value of $354,480.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Netflix Stock Up 2.5 %

Shares of NASDAQ NFLX opened at $579.34 on Friday. The stock has a market cap of $249.64 billion, a P/E ratio of 40.20, a PEG ratio of 1.35 and a beta of 1.23. The business’s fifty day simple moving average is $602.66 and its 200-day simple moving average is $524.81. Netflix, Inc. has a 12-month low of $317.95 and a 12-month high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.88 EPS. As a group, equities analysts predict that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NFLX. Benchmark reaffirmed a “sell” rating and issued a $440.00 price objective on shares of Netflix in a research note on Thursday, April 18th. Redburn Atlantic raised their price objective on Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. DZ Bank raised Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a research note on Thursday, January 25th. Seaport Res Ptn lowered Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Finally, Canaccord Genuity Group lowered Netflix from a “buy” rating to a “hold” rating and lowered their price objective for the company from $720.00 to $585.00 in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $631.15.

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently made changes to their positions in the stock. Authentikos Wealth Advisory LLC acquired a new position in shares of Netflix during the third quarter worth about $25,000. Spartan Planning & Wealth Management acquired a new position in Netflix in the third quarter valued at approximately $26,000. Valued Wealth Advisors LLC boosted its holdings in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares in the last quarter. Carmel Capital Partners LLC boosted its holdings in Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares in the last quarter. Finally, VitalStone Financial LLC boosted its holdings in Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

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.