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

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

Netflix Stock Up 2.4 %

Shares of NFLX stock opened at $565.15 on Friday. The company’s fifty day simple moving average is $602.66 and its two-hundred day simple moving average is $524.81. Netflix, Inc. has a 52 week low of $315.85 and a 52 week 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 stock has a market cap of $243.52 billion, a P/E ratio of 39.22, a PEG ratio of 1.35 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last posted its 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. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.88 EPS. Analysts predict that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NFLX. Jefferies Financial Group increased their target price on Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, March 12th. Redburn Atlantic lifted their target price on shares of Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Macquarie lifted their target price on shares of Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Finally, Piper Sandler lifted their target price on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $631.15.

Hedge Funds Weigh In On Netflix

Several hedge funds have recently added to or reduced their stakes in NFLX. Columbia Trust Co 01012016 grew its stake in Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after acquiring an additional 208 shares in the last quarter. Crumly & Associates Inc. grew its stake in Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after acquiring an additional 83 shares in the last quarter. Venture Visionary Partners LLC grew its stake in Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after acquiring an additional 1,318 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after acquiring an additional 392,427 shares in the last quarter. Finally, Sandy Cove Advisors LLC grew its stake in Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock worth $578,000 after acquiring an additional 114 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

About Netflix

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.