Netflix, Inc. (NASDAQ:NFLX – Get Free Report) insider David A. Hyman sold 268 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.62, for a total value of $159,090.16. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Netflix Trading Up 3.0 %
NASDAQ:NFLX opened at $596.97 on Tuesday. Netflix, Inc. has a twelve month low of $322.03 and a twelve month high of $639.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average price of $602.76 and a two-hundred day moving average price of $530.17. The company has a market cap of $257.27 billion, a P/E ratio of 41.43, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23.
Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the prior year, the firm posted $2.88 EPS. The business’s revenue was up 14.8% on a year-over-year basis. As a group, analysts expect that Netflix, Inc. will post 18.3 EPS for the current fiscal year.
Institutional Investors Weigh In On Netflix
Analysts Set New Price Targets
NFLX has been the subject of several recent research reports. Rosenblatt Securities dropped their price objective on Netflix from $554.00 to $540.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Robert W. Baird boosted their price objective on Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. KeyCorp boosted their price objective on Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Canaccord Genuity Group reissued a “hold” rating and set a $585.00 price objective (down from $720.00) on shares of Netflix in a report on Friday, April 19th. Finally, Piper Sandler upped their price target on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $631.15.
Check Out Our Latest Analysis on Netflix
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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