Economy

Netflix, Inc. (NFLX) General Counsel David A. Hyman Sells 63378 Shares

The fund owned 10,790 shares of the Internet television network's stock after acquiring an additional 1,005 shares during the period. YorkBridge Wealth Partners LLC's holdings in Netflix were worth $1,957,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Almanack Investment Partners LLC. bought a new position in Netflix in the second quarter worth about $101,000. Fisher Asset Management LLC lifted its holdings in shares of Netflix by 36.6% in the third quarter. Signature Estate & Investment Advisors LLC purchased a new position in Netflix during the second quarter valued at $124,000. OppenheimerFunds Inc. now owns 7,528 shares of the Internet television network's stock worth $1,113,000 after purchasing an additional 117 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Netflix by 3,478.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,475 shares of the Internet television network's stock valued at $126,000 after buying an additional 194 shares during the last quarter. Netflix has a 52-week low of $110.68 and a 52-week high of $204.38. (NASDAQ:NFLX) traded down 0.55% during mid-day trading on Friday, hitting $114.78. 5,518,595 shares of the company's stock traded hands. Netflix, Inc. The firm has a market capitalization of $84.94 billion, a PE ratio of 196.23 and a beta of 1.09. The company's 50-day moving average is $189.64 and its 200 day moving average is $169.99.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 17th. A month ago, analyst EPS consensus estimated earnings of US$0.32 per share. The return on assets stands at 2.9%, Return on Equity now is 14.6% and the Return on Investment value is 5%. The business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $2.97 billion. Next quarter's EPS is expected be $0.55 with next year's EPS anticipated to be $2.25.

While looking at the Stock's Performance, Netflix, Inc. now shows a Weekly Performance of 3.07%, where Monthly Performance is 9.39%, Quarterly performance is 8.98%, 6 Months performance is 26.79% and yearly performance percentage is 56.73%.

TRADEMARK VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally copied and republished in violation of U.S. & global copyright & trademark legislation. General Counsel David A. Hyman let go of 63,378 shares at an average price of $198.96 on Monday the 30th.

A number of equities research analysts have commented on the company.

On October 17 Loop Capital made no change to the stock rating of "Buy" but raised the price target from $228.00 to $242.00.

On October 17 Credit Suisse held the company rating at "Neutral" and raised the price target to $210.00 from $190.00. Wedbush reiterated an "underperform" rating and set a $50.00 target price (up previously from $45.00) on shares of Netflix in a report on Sunday, July 17th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $190.00 price objective on shares of Netflix in a research note on Thursday, July 13th. Analysts reported that the Price Target for Netflix, Inc. might touch $270 high while the Average Price Target and Low price Target is $215.18 and $80 respectively. On October 26 Loop Capital kept the stock rating at "Buy" but lowered the price expectation from $242.00 to $237.00. Barton Investment Management downsized its investment by shedding 18,570 shares a decrease of 2.8%. The stock was sold at an average price of $188.61, for a total value of $20,598,852.54. Following the completion of the sale, the general counsel now directly owns 43,071 shares of the company's stock, valued at approximately $8,566,821.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The stock was sold at an average price of $203.35, for a total transaction of $735,516.95. The disclosure for this sale can be found here. Following the transaction, the chief executive officer now owns 109,214 shares in the company, valued at $20,598,852.54. The most recent short interest data show 6.22% of the company's stock are short sold.



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