Insider Selling: Netflix, Inc. (NASDAQ:NFLX) CFO Sells 433 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total transaction of $334,319.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Spencer Adam Neumann also recently made the following trade(s):

• On Thursday, August 8th, Spencer Adam Neumann sold 433 shares of Netflix stock. The shares were sold at an average price of $626.19, for a total value of $271,140.27.

Netflix Trading Down 0.2 %

Shares of NFLX opened at $795.04 on Friday. Netflix, Inc. has a 1-year low of $434.35 and a 1-year high of $799.06. The company has a market capitalization of $339.85 billion, a P/E ratio of 44.99, a P/E/G ratio of 1.50 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. The firm’s 50 day simple moving average is $721.55 and its 200 day simple moving average is $670.54.

Wall Street Analyst Weigh In

Several research firms have weighed in on NFLX. Barclays reissued an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research report on Friday, October 18th. UBS Group boosted their price target on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Guggenheim raised 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. Redburn Atlantic boosted their target price on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $748.15.

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently made changes to their positions in NFLX. Denver PWM LLC bought a new position in Netflix in the second quarter valued at $25,000. Proffitt & Goodson Inc. boosted its holdings in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in Netflix in the 3rd quarter worth approximately $37,000. 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.