Insider Selling: Netflix, Inc. (NASDAQ:NFLX) Director Sells $518,320.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $897.79 on Friday. The business has a fifty day moving average price of $755.40 and a two-hundred day moving average price of $690.34. The stock has a market capitalization of $383.77 billion, a PE ratio of 50.81, a P/E/G ratio of 1.68 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $908.00.

Netflix (NASDAQ:NFLX) last posted its quarterly 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. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, equities analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NFLX. Bank of America increased their price objective on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays restated an “underweight” rating and issued a $550.00 price target on shares of Netflix in a research note on Friday, October 18th. Evercore ISI boosted their price target on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Macquarie reissued an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a report on Friday, October 18th. Finally, TD Cowen boosted their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two research 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $764.82.

Institutional Trading of Netflix

Several large investors have recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at $25,000. Denver PWM LLC bought a new stake in shares of Netflix during the 2nd quarter worth $25,000. Proffitt & Goodson Inc. boosted its stake in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its stake in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

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.