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 company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $580.00, for a total value of $1,756,820.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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 Stock Up 3.0 %

Shares of Netflix stock opened at $596.97 on Tuesday. The stock has a 50-day moving average price of $602.76 and a 200 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 P/E/G ratio of 1.40 and a beta of 1.23. 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, Inc. has a 1 year low of $322.03 and a 1 year high of $639.00.

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

Institutional Investors Weigh In On Netflix

Several hedge funds have recently bought and sold shares of NFLX. Authentikos Wealth Advisory LLC acquired a new position in Netflix in the 3rd quarter worth about $25,000. Spartan Planning & Wealth Management acquired a new position in Netflix in the 3rd quarter worth about $26,000. Valued Wealth Advisors LLC increased its position in Netflix by 80.0% in 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 last quarter. Carmel Capital Partners LLC increased its position in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the last quarter. Finally, VitalStone Financial LLC increased its position in Netflix by 933.3% in 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 last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on NFLX. Deutsche Bank Aktiengesellschaft upped their price objective on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Pivotal Research increased their price target on Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Wedbush reissued an “outperform” rating and issued a $725.00 price target on shares of Netflix in a research note on Friday, April 19th. DZ Bank raised Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target for the company in a research note on Thursday, January 25th. Finally, Benchmark reissued a “sell” rating and issued a $440.00 price target on shares of Netflix in a research note on Thursday, April 18th. 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 stock. According to MarketBeat.com, the company has a consensus 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.