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

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

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

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

Netflix Trading Up 1.5 %

Shares of Netflix stock opened at $606.00 on Wednesday. The company has a fifty day simple moving average of $602.85 and a 200-day simple moving average of $531.62. Netflix, Inc. has a 12-month low of $322.03 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. The stock has a market cap of $261.16 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 1.40 and a beta of 1.23.

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

Institutional Trading of Netflix

Large investors have recently bought and sold shares of the business. Valued Wealth Advisors LLC boosted its stake in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the period. Indiana Trust & Investment Management CO boosted its stake in Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the period. VitalStone Financial LLC boosted its stake in Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of Netflix in the 4th quarter worth $32,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in shares of Netflix in the 3rd quarter worth $25,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NFLX. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Benchmark restated a “sell” rating and issued a $440.00 target price on shares of Netflix in a research note on Thursday, April 18th. Citigroup lifted their price objective on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. DZ Bank upgraded 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. Finally, Wedbush reiterated an “outperform” rating and set a $725.00 price objective on shares of Netflix in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $631.15.

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.