Insider Selling: Netflix, Inc. (NASDAQ:NFLX) Insider Sells 267 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Netflix Price Performance

NASDAQ:NFLX traded up $16.30 on Wednesday, reaching $780.21. The stock had a trading volume of 3,687,755 shares, compared to its average volume of 3,890,906. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $333.51 billion, a P/E ratio of 44.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a 1-year low of $431.00 and a 1-year high of $781.49. The stock has a fifty day moving average price of $717.59 and a 200-day moving average price of $667.98.

Analysts Set New Price Targets

Several equities analysts have commented on NFLX shares. Loop Capital increased their price target on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Barclays restated an “underweight” rating and set a $550.00 price target on shares of Netflix in a report on Friday, October 18th. Benchmark reaffirmed a “sell” rating and issued a $545.00 price target on shares of Netflix in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Denver PWM LLC acquired a new position in Netflix in the second quarter worth $25,000. Proffitt & Goodson Inc. increased its position in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its position in 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 period. AlphaMark Advisors LLC grew its position 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 worth $35,000 after buying an additional 45 shares during the period. Finally, Triad Wealth Partners LLC bought a new stake in shares of Netflix during the second quarter worth approximately $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

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.