Netflix (NASDAQ:NFLX) Shares Down 0.5% After Insider Selling

Netflix, Inc. (NASDAQ:NFLX)’s stock price traded down 0.5% on Monday following insider selling activity. The company traded as low as $757.50 and last traded at $759.97. 1,805,547 shares were traded during mid-day trading, a decline of 51% from the average session volume of 3,713,984 shares. The stock had previously closed at $763.89.

Specifically, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,817,500. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Redburn Atlantic increased their price target on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. Wedbush increased their price target on shares of Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Rosenblatt Securities increased their price target on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Argus increased their price target on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $747.70.

Netflix Price Performance

The company’s fifty day moving average is $701.48 and its 200 day moving average is $657.11. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market cap of $322.94 billion, a PE ratio of 52.73, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NFLX. AdvisorNet Financial Inc raised its stake in shares of Netflix by 4.9% during the first quarter. AdvisorNet Financial Inc now owns 833 shares of the Internet television network’s stock valued at $506,000 after purchasing an additional 39 shares during the period. Sovereign Financial Group Inc. raised its stake in shares of Netflix by 33.3% during the first quarter. Sovereign Financial Group Inc. now owns 1,089 shares of the Internet television network’s stock valued at $661,000 after purchasing an additional 272 shares during the period. Aletheian Wealth Advisors LLC purchased a new stake in shares of Netflix during the first quarter valued at approximately $202,000. Aspiriant LLC raised its stake in shares of Netflix by 26.2% during the first quarter. Aspiriant LLC now owns 1,603 shares of the Internet television network’s stock valued at $974,000 after purchasing an additional 333 shares during the period. Finally, RFG Holdings Inc. purchased a new stake in shares of Netflix during the first quarter valued at approximately $364,000. Hedge funds and other institutional investors 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.