Insider Selling: Netflix, Inc. (NASDAQ:NFLX) Director Sells 589 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Netflix Stock Up 1.4 %

Shares of NASDAQ NFLX opened at $896.05 on Friday. The firm has a fifty day simple moving average of $751.39 and a two-hundred day simple moving average of $688.25. Netflix, Inc. has a 12 month low of $445.73 and a 12 month high of $908.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $383.03 billion, a PE ratio of 50.71, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Equities analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

Institutional Investors Weigh In On Netflix

A number of large investors have recently made changes to their positions in NFLX. LGT Group Foundation purchased a new position in shares of Netflix during the 1st quarter worth about $146,000. Fayez Sarofim & Co increased its position in shares of Netflix by 37.4% during the first quarter. Fayez Sarofim & Co now owns 581 shares of the Internet television network’s stock worth $353,000 after acquiring an additional 158 shares during the period. CreativeOne Wealth LLC raised its stake in shares of Netflix by 80.1% during the first quarter. CreativeOne Wealth LLC now owns 2,520 shares of the Internet television network’s stock valued at $1,531,000 after acquiring an additional 1,121 shares in the last quarter. Freestone Capital Holdings LLC boosted its holdings in shares of Netflix by 3.8% in the first quarter. Freestone Capital Holdings LLC now owns 8,114 shares of the Internet television network’s stock valued at $4,928,000 after purchasing an additional 295 shares during the period. Finally, EP Wealth Advisors LLC increased its holdings in Netflix by 23.3% during the 1st quarter. EP Wealth Advisors LLC now owns 11,002 shares of the Internet television network’s stock worth $6,682,000 after purchasing an additional 2,080 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on NFLX. Benchmark reiterated a “sell” rating and set a $545.00 price target on shares of Netflix in a research note on Tuesday, October 15th. Sanford C. Bernstein increased their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Barclays reaffirmed an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a report on Friday, October 18th. Finally, TD Cowen raised their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $764.82.

Netflix Company Profile

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.