Netflix, Inc. (NASDAQ:NFLX) Director Sells $4,307,688.00 in Stock

by · The Cerbat Gem

Netflix, Inc. (NASDAQ:NFLX – Get Free Report) Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at approximately $185,976. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Netflix Stock Down 0.7 %

NFLX traded down $5.56 during trading on Monday, hitting $749.12. The company had a trading volume of 1,985,727 shares, compared to its average volume of 3,787,341. The company has a market capitalization of $320.22 billion, a PE ratio of 42.40, a PEG ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a one year low of $399.41 and a one year high of $773.00. The firm’s 50-day moving average price is $706.67 and its 200 day moving average price is $659.88. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent analyst reports. Evercore ISI raised their price objective on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Loop Capital raised their price objective on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Pivotal Research raised their price objective on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Argus raised their price objective on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Finally, Wells Fargo & Company raised their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $747.70.

View Our Latest Stock Report on Netflix

Institutional Investors Weigh In On Netflix

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Netflix by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after buying an additional 149,341 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of Netflix by 2.3% during the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after purchasing an additional 106,756 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Netflix by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock worth $2,327,738,000 after purchasing an additional 104,332 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

About Netflix

(Get Free Report)

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.

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