Netflix, Inc. (NASDAQ:NFLX) Insider Sells $421,723.12 in Stock

Netflix, Inc. (NASDAQ:NFLX) insider David A. Hyman sold 424 shares of Netflix stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $994.63, for a total value of $421,723.12. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $31,440,254.30. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,015.68 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average is $912.05 and its 200 day moving average is $786.03. The firm has a market capitalization of $434.47 billion, a PE ratio of 51.22, a PEG ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,016.35.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business earned $2.11 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NFLX. Pivotal Research lifted their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley lifted their price objective on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. AMF Tjanstepension AB increased its stake in Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after purchasing an additional 4,701 shares during the period. Czech National Bank grew its holdings in shares of Netflix by 6.5% in the third quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock worth $62,008,000 after purchasing an additional 5,312 shares during the last quarter. Smith Anglin Financial LLC increased its stake in Netflix by 28.4% in the 3rd quarter. Smith Anglin Financial LLC now owns 457 shares of the Internet television network’s stock worth $324,000 after buying an additional 101 shares during the period. City Center Advisors LLC lifted its holdings in Netflix by 6.0% during the 3rd quarter. City Center Advisors LLC now owns 845 shares of the Internet television network’s stock valued at $599,000 after buying an additional 48 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in Netflix by 15.3% in the 3rd quarter. Versant Capital Management Inc now owns 468 shares of the Internet television network’s stock valued at $332,000 after buying an additional 62 shares during the period. Institutional investors own 80.93% of the company’s stock.

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.