Netflix, Inc. (NASDAQ:NFLX) Director Anne M. Sweeney Sells 3,029 Shares

Netflix, Inc. (NASDAQ:NFLX) Director Anne M. Sweeney sold 3,029 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $580.00, for a total transaction of $1,756,820.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Anne M. Sweeney also recently made the following trade(s):

• On Wednesday, May 1st, Anne M. Sweeney sold 633 shares of Netflix stock. The shares were sold at an average price of $560.00, for a total value of $354,480.00.

Netflix Stock Up 3.0 %

Netflix stock opened at $596.97 on Tuesday. Netflix, Inc. has a 1-year low of $322.03 and a 1-year high of $639.00. The business has a fifty day moving average price of $602.76 and a 200-day moving average price of $530.17. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $257.27 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 1.40 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter last year, the company earned $2.88 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Equities research analysts forecast that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Institutional Trading of Netflix

Several large investors have recently bought and sold shares of NFLX. Verdence Capital Advisors LLC increased its position in shares of Netflix by 12.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,246 shares of the Internet television network’s stock valued at $470,000 after acquiring an additional 136 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Netflix by 0.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,655 shares of the Internet television network’s stock valued at $34,231,000 after buying an additional 567 shares during the period. GPS Wealth Strategies Group LLC increased its holdings in Netflix by 29.6% in the third quarter. GPS Wealth Strategies Group LLC now owns 1,669 shares of the Internet television network’s stock valued at $630,000 after buying an additional 381 shares in the last quarter. Brighton Jones LLC raised its position in shares of Netflix by 5.0% in the third quarter. Brighton Jones LLC now owns 9,926 shares of the Internet television network’s stock worth $3,748,000 after acquiring an additional 473 shares during the period. Finally, Calamos Wealth Management LLC boosted its stake in shares of Netflix by 435.2% during the 3rd quarter. Calamos Wealth Management LLC now owns 16,822 shares of the Internet television network’s stock worth $6,352,000 after acquiring an additional 13,679 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Jefferies Financial Group boosted their price target on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. JPMorgan Chase & Co. raised their target price on shares of Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Canaccord Genuity Group downgraded shares of Netflix from a “buy” rating to a “hold” rating and dropped their price objective for the company from $720.00 to $585.00 in a report on Friday, April 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 target price on shares of Netflix in a report on Friday, April 19th. Finally, DZ Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target for the company in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $631.15.

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.