Insider Selling: Netflix, Inc. (NASDAQ:NFLX) CEO Sells $980,289.90 in Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the sale, the chief executive officer now owns 2,556 shares in the company, valued at $1,960,579.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $795.04 on Friday. Netflix, Inc. has a one year low of $434.35 and a one year high of $799.06. The stock has a market capitalization of $339.85 billion, a price-to-earnings ratio of 44.99, a PEG ratio of 1.50 and a beta of 1.25. The company has a 50-day simple moving average of $721.55 and a 200-day simple moving average of $670.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NFLX shares. China Renaissance began coverage on shares of Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price on the stock. Guggenheim upped their price objective on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Loop Capital lifted their target price on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Pivotal Research boosted their target price on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $748.15.

Institutional Trading of Netflix

Several institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. New World Advisors LLC lifted its stake in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after acquiring an additional 14 shares during the period. Heartland Bank & Trust Co lifted its position in Netflix by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares during the period. Cedrus LLC lifted its position in Netflix by 0.8% in the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after purchasing an additional 15 shares during the period. Capstone Triton Financial Group LLC boosted its holdings in Netflix by 0.6% in the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock valued at $1,717,000 after purchasing an additional 15 shares in the last quarter. Finally, Meritas Wealth Management LLC increased its position in Netflix by 2.9% during the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after purchasing an additional 16 shares during the period. 80.93% of the stock is owned by hedge funds and other 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.